Good evening.

In today’s market the Dow was down 0.31%, the S&P 500 was up 0.34% which would suggest that the market was pretty flat today.

A key statistic though, again that the MSM will not tell you, is that of the 3113 issues inthe NYSE today, 1900 (61%) gained on the day. You are starting to see more days of more gainiers than losers.

Some might call that a “dead cat bounce”, draw your own conclusions.

Remember that the market tends to turn 3 to 6 months before the economic data reported reflects that, cause such data is always reported a quarter or two later.

Another interesting item is the TED spread is down to 1.28, which is starting to get back to what many would consider “normal” range.

The VIX (volatility index) is at 42 and change, less than half the high point reached in October of 89 and change. The lower this index goes, the less volatile the market is.

In early trading in Asia, the Nikkei is down 0.94% and the Hang Seng is up 0.14%.