Good morning. We're set for lower market this morning as weakness in global markets weigh heavily on sentiment.
For the most part, investors are sorting through some mixed news. While we have a better than expected report form Lehman Brothers (LEH) and strong report on retail sales, a hotter than expected PPI inflation report hasn't sat particularly well with those expecting more help from the Fed.
Premarket gainers: SVNT, RIGL, DEPO, MATK, ADCT, PSPT, CTDC, GXDX, JRCC, KMGB, JOSB, UMBF, ESLR, CYNO, DOW, JOSB, and XMSR.
Premarket losers: NBIX, BIIB, SCSS, AYSY, ADPI, WSTL, MALL, MICC, VITL, CHA, BHP, LIHR, DLB, CYNO, CKR, ELN, COST, POT, CHNR, SOLF, RIO, CFC, ACH, QCOM, COST, ELN, HQS, DRYS, CSIQ, and RFMD.
It's a new day and I'm looking for reasons (any reasons) why I'm wrong in thinking that lower prices are ahead. With the Fed in the rearview mirror, it will be important to see how the market reacts to both good and bad news over the next few days. In addition, keep an eye on those overseas markets for hints for a some stability and strength in any recovery attempt we see near-term. Have a terrific Thursday!
