Reply #14: Now 2:00 - sideways still under the open level

[mrsteve]

Dow 9,470.77 -36.43 (-0.38%)
Nasdaq 1,843.20 -30.23 (-1.61%)
S&P 500 1,016.86 -6.31 (-0.62%)
10-Yr Bond 4.324% -0.047

And Yahoo Finance tries to make things look better:

"1:30PM: Very little change to the market action as the indices remain on the defensive... Although today's downturn is discouraging from a near-term vantage point, Briefing.com believes that the market was overdue for some profit-taking... The Dow, Nasadq, and S&P 500 rounded out a five, seven, and eight day, respectively, winning streaks last week, and some consolidative activity is probably healthy at this point... Provided that the major indices are able to hold above key support levels, the long-term outlook for stocks remains bullish...
A large reason for this would be rising economic growth forecasts... The Blue Chip survey was released this morning and showed that the average Q3 GDP estimate had jumped to a 4.5% annual rate from 3.7% a month ago... Briefing.com sees GDP at 6% or more, for reasons spelled out in our Story Stock..."