Stocks Slightly Higher into Final Hour on Less Eurozone Debt Angst, Central Bank Stimulus Hopes, Investor Performance Angst, Homebuilding Strength

Broad Market Tone:

• Advance/Decline Line: About Even
  
• Sector Performance: Mixed
  
• Volume: Below Average
  
• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• VIX 13.64 -3.81%
  
• ISE Sentiment Index 129.0 +5.74%
  
• Total Put/Call .71 -10.13%
  
• NYSE Arms .76 -46.94%
  

Credit Investor Angst:

• North American Investment Grade CDS Index 84.75 bps -.81%
  
• European Financial Sector CDS Index 190.0 bps -3.42%
  
• Western Europe Sovereign Debt CDS Index 171.50 -2.17%
  
• Emerging Market CDS Index 200.59 +.61%
  
• 2-Year Swap Spread 13.0 -.5 basis point
  
• TED Spread 27.0 -.75 basis point
  
• 3-Month EUR/USD Cross-Currency Basis Swap -20.25 +2.0 basis point
  

Economic Gauges:

• 3-Month T-Bill Yield .11% +1 basis point
  
• Yield Curve 151.0 -5 basis points
  
• China Import Iron Ore Spot $109.50/Metric Tonne -.09%
  
• Citi US Economic Surprise Index 20.50 +.5 point
  
• 10-Year TIPS Spread 2.55 -1 basis point
  

Overseas Futures:

• Nikkei Futures: Indicating -87 open in Japan
• DAX Futures: Indicating -5 open in Germany
  

Portfolio:

• Slightly Higher: On gains in my Tech/Retail sector longs
  
• Disclosed Trades: None
  
• Market Exposure: 50% Net Long