| | DOW | 8852.22 |  | -127.04 | -1.41% | | | NASDAQ | 1711.29 | | -6.42 | -0.37% | | S&P | 940.55 | | -5.88 | -0.62% | | | | | |  | Bob Pisani, Reporter, CNBC Business News
It is not surprising that today's rally has been met with selling: that has been the pattern for the past week and a half.
Few traders think we will be off to the races any time soon. In a poll of several dozen buy-side traders this week, most felt that we would end the year somewhere near 10,000, but no one was more optimistic than that, and a few were considerably more pessimistic.
However, if Libor continues to come down, and the commercial paper market continues to unfreeze, the odds become longer that the market will be able to hold modest gains.
If this happens, then by the middle of next week we can expect that shell-shocked fund managers and analysts will begin the process of distinguishing between those stocks and industries where dramatic selloffs may have been warranted and those where there are real values....read more
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| | Giving the Grade to Five Popular Stocks
Some stocks are more popular than others. But that doesn't mean they're always the best shares to hold. Michael Farr, president of Farr, Miller and Washington, gave his assessment of five of the most widely held companies...read more | | |
| | Explainer: How the New Money Market Guarantees Work
It appears that virtually all money market fund families have subscribed to the U.S. Treasury's Temporary Guarantee Program for Money Market Funds. Fidelity and Vanguard, among the last to jump onboard, announced last week that they would participate, one day before the enrollment deadline. ....read more | | |
| | 1. Buffett Says Buy American Stocks 
Billionaire investor Warren Buffett makes a bold call in the NY Times op-ed stating now is the time to buy American stocks, reports CNBC's Becky Quick. | | |
| | 2. Lehman Execs Subpoenaed
Prosecutors have subpoenaed a dozen Lehman executives, including CEO Dick Fuld, in connection with three probes into the firm's bankruptcy and whether execs at the firm knowingly misled investors. CNBC's Charlie Gasparino has the details. | | |
| | 4. Detroit's Big Two?
The latest developments on GM and Chrysler's potential merger with CNBC's Mary Thompson and James Pethokoukis, U.S. News & World Report. | | |
| | CNBC.com BLOG OF THE DAY | |  |
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