Reply #102: 1:42 EST bleeding profusely

[UpInArms]

Dow 10,837.41 -116.54 (-1.06%)
Nasdaq 2,280.54 -30.02 (-1.30%)
S&P 500 1,268.27 -14.19 (-1.11%)
10-Yr Bond 4.559 -0.02 (-0.04%)

NYSE Volume 1,629,508,000
Nasdaq Volume 1,504,733,000

1:30 pm : Despite oil prices languishing near session lows, the absence of leadership in Energy has prevented investors from being able to take advantage. While a 2.6% in crude and an even larger pullback in natural gas futures (-6.4%) certainly bodes well for consumers, the Energy sector's influence on the equity markets, accounting for 9.3% of the S&P 500, holds more weight. DJ30 -90.15 NASDAQ -25.56 SP500 -11.13 NASDAQ Dec/Adv/Vol 2045/901/1.46 bln NYSE Dec/Adv/Vol 2291/924/1.15 bln

1:00 pm : Recent recovery efforts have been short-lived as stocks retrace earlier lows. Unfortunately for the bulls, above average volume further reflects the conviction behind today's broad-based decline, as more than 1.0 bln shares have now exchanged hands on the NYSE. While the anticipation of new fund inflows at the beginning of each month is typically cited as a bullish factor for the market, widespread portfolio rebalancing just one month into 2006 appears to be doing just the opposite. DJ30 -99.49 NASDAQ -27.38 SP500 -11.51 NASDAQ Dec/Adv/Vol 2072/853/1.12 bln NYSE Dec/Adv/Vol 2292/880/1.04 bln