Stocks Slightly Higher into Final Hour on Less Eurozone Debt Angst, Global Central Bank Action/Stimulus Hopes, Short-Covering, Performance Angst

Broad Market Tone:

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

Equity Investor Angst:

• VIX 16.30 -.67%
  
• ISE Sentiment Index 117.0 -3.31%
  
• Total Put/Call .68 -12.82%
  
• NYSE Arms .91 +38.12%
  

Credit Investor Angst:

• North American Investment Grade CDS Index 91.22 bps -2.50%
  
• European Financial Sector CDS Index 198.39 bps -4.85%
  
• Western Europe Sovereign Debt CDS Index 182.32 -3.96%
  
• Emerging Market CDS Index 208.78 -1.53%
  
• 2-Year Swap Spread 15.5 +.5 basis point
  
• TED Spread 29.75 -.5 basis point
  
• 3-Month EUR/USD Cross-Currency Basis Swap -21.75 +.25 basis point
  

Economic Gauges:

• 3-Month T-Bill Yield .10% unch.
  
• Yield Curve 151.0 +7 basis points
  
• China Import Iron Ore Spot $98.10/Metric Tonne -2.1%
  
• Citi US Economic Surprise Index 26.30 +1.2 points
  
• 10-Year TIPS Spread 2.39 unch.
  

Overseas Futures:

• Nikkei Futures: Indicating -12 open in Japan
• DAX Futures: Indicating -17 open in Germany
  

Portfolio:

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