9.05.2006

BORING


Bob Pisani seemed to be annoyed as the volume on the markets failed to pick up on the heels of the end of summer and the return of the big boys to the street. Seems like we are always waiting for something on the street and today we didn't get much of anything as boredom prevailed. New oil finds, new CEO at Ford, CEO firings at VIA and big job cuts at INTC couldn't help the day.

Small caps were the big winners as the IWM was up .8% and the DIA/SPX were flat to fractionally higher. Tech did well with SMH higher by 1%.

AAPL, the metals, oil service, brokers (GS), and the airlines were the best performers while drugs and consumers lagged.

Market internals closed with about 1,000 more advancers than decliners and the Volatility indexes closed higher as slow summer trading hopefully falls by the wayside.

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