Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
Beware of the bear. Traders say the stock market looks better; acts better and feels better, and might actually be on an uptrend, for now. Stocks have gained more than 6 percent in the past two sessions, and major indices are up about 20 percent since the Nov. 20 closing low.
Friday's markets could be subdued after Wednesday's pre-Thanksgiving rally. Traders said the multiple days of stock market gains, the longest winning streak since April, was an encouraging sign. They expect Friday to be a light volume day ahead of the early 1 p.m. close.
Stocks may take a break from their high velocity mood swings as traders wind down for the Thanksgiving holiday. But Wednesday's market will have to digest plenty of data that will help paint a picture of the fourth quarter.
Stocks battle a rough batch of economic news Tuesday. Home prices, another look at third quarter GDP and consumer confidence data are posted in the morning.
In a note today, Levkovich said the stock market has not responded to what normally might have stopped it from cratering. Even with the TARP, central bank intervention and the end of the presidential election, stocks have been unable to turn around.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
CNBC Personal Finance Correspondent
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.