The market sold off late after being down most of the day. Hard to tell if the cause was the remarks by Meridith Whitney or not, but around the time she spoke, the market lost some ground.
Dow - 8,419 -155.80
Nasdaq - 1,731 -7.76
S&P 500 - 909.00 -19.97
Oil - $58.35 -0.13
Gold - $913.50 -1.40
Volume was down across all major indexes. The Banking Index lost $3.10 or 7.09%
Today by sector:
Today's Heatmap:
Getting you ready for tomorrows trading session:
Earnings reports before market opens:
Economic Events:
Tuesday:7:45 ICSC Goldman Store Sales; 8:30 AM International Trade; 2:00 PM Treasury Budget
****
The daily CNBC cheerleading grade. Today = A
In spite of the market south of even all day, the cheerleaders did their best to call it a correction everyone expected. Bob Pisoni was doing his best to talk the market up, but it didn't work. Even Mark Haines tried to get people to call it a new Bull market and not a rally. I'm a fan of Mark,s and he's "technically" correct on the Bull market, but how many really believe it knowing what's down the road.
For the most part, other than Meridith Whitney, they paraded all the Bulls on TV today. A solid "A" for the cheerleaders today.
Blast from the past:
Enron's Jeff Skilling filed 50 page petition professing innocence to the Appeals Court. Claims jury was prejudiced by excruciating media coverage.
Added Meridith Whitney interview below.
Economic Events:
Tuesday:7:45 ICSC Goldman Store Sales; 8:30 AM International Trade; 2:00 PM Treasury Budget
****
The daily CNBC cheerleading grade. Today = A
In spite of the market south of even all day, the cheerleaders did their best to call it a correction everyone expected. Bob Pisoni was doing his best to talk the market up, but it didn't work. Even Mark Haines tried to get people to call it a new Bull market and not a rally. I'm a fan of Mark,s and he's "technically" correct on the Bull market, but how many really believe it knowing what's down the road.
For the most part, other than Meridith Whitney, they paraded all the Bulls on TV today. A solid "A" for the cheerleaders today.
Blast from the past:
Enron's Jeff Skilling filed 50 page petition professing innocence to the Appeals Court. Claims jury was prejudiced by excruciating media coverage.
Added Meridith Whitney interview below.
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