(As of 7:03 am pacific)
Stocks are listless this morning. It feels as if there is a hangover from last
week's celebration of the Fed's announcement of QE3. The dollar is up against most currencies, while
oil and gold are down marginally.
Individual company news is weighing on stocks. Fed Express reiterated its concern about
global growth as it cut future estimates.
Though no solid news from Europe or China, there is a negative tone to
those areas and that is adding to the hesitancy of investors to bid up stocks. Expect a mildly positive economic report to
stir the pot and create more positive economic sentiment as the day wears on.
