GO
Loading...

Enter multiple symbols separated by commas

Stocks: Law Of Supply (Plenty) And Demand (Lacking)

Two consecutive 170 point losses in the Dow. Supply of stock for sale seems to be plentiful, and demand seems to be lacking. If lack of liquidity during the last two weeks of the year has been one reason the market has had the jitters, then theECB's $500 billion injectionshould be a big help. We are modestly higher, but it's the energy stocks leading, not financials.

Lowry's summed up the technical position this morning: "Bottom line is, thus far, there appears to be little evidence the market is in the process of putting in a sustainable low."

Goldman down: there are comments that the earnings quality was a bit less than expected, also CFO Viniar says he is cautious on the near term outlook for business; he also says that while they are getting closer to the bottom if the subprime market, we are not there yet.


Questions? Comments? tradertalk@cnbc.com

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.