Stocks Falling Slightly into Final Hour on Hurricane Sandy Concerns, Rising Global Growth Fears, Rising Eurozone Debt Angst, US Election/Fiscal Cliff Worries

 Broad Market Tone:

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

Equity Investor Angst:

• VIX 18.79 +5.50%
• ISE Sentiment Index 106.0 unch.
• Total Put/Call .83 -16.16%
• NYSE Arms .87 -45.23%

Credit Investor Angst:

• North American Investment Grade CDS Index 99.28 bps -1.25%
• European Financial Sector CDS Index 175.0 bps +.39%
• Western Europe Sovereign Debt CDS Index 106.85 bps -.22%
• Emerging Market CDS Index 234.59 bps -.29%
• 2-Year Swap Spread 9.75 -.25 basis point
• TED Spread 20.0 unch.
• 3-Month EUR/USD Cross-Currency Basis Swap -24.0 +.5 basis point

Economic Gauges:

• 3-Month T-Bill Yield .11% unch.
• Yield Curve 140.0 -2 basis points
• China Import Iron Ore Spot $119.30/Metric Tonne -.42%
• Citi US Economic Surprise Index 48.10 -2.1 points
• 10-Year TIPS Spread 2.50 +2 basis points

Overseas Futures:

• Nikkei Futures: Indicating +13 open in Japan
• DAX Futures: Indicating +3 open in Germany

Portfolio:

• Slightly Higher: On gains in my Medical/Retail sector longs and index hedges
• Disclosed Trades: None
• Market Exposure: 25% Net Long