Fiscal fear fatigue. That's what it seems like on the Street. Tired of following the endless rounds of machinations over the continuing resolution, the debt ceiling, and Obamacare.
More important is the fact that stocks are getting no lift from lower rates, even though the 10-year yield is now at the lowest level since mid-August. This should be beneficial to interest rate sensitive groups such as real estate investment trusts, home builders, and utilities, but it's not.
Speaking of home builders, they are up today as Mortgage Bankers Association reported mortgage applications to buy homes rose 6.6 percent in the week ended Sept. 20.
(Read more: Rates taking steam out of housing, data suggest)
1) Alibaba listing in the U.S.? That's a big one, if true. Why not list in Hong Kong? Some talk that the exchange would not allow Alibaba's partners to retain control over board nominations. Would they be allowed to do that in the U.S.? Unclear.