Tuesday, September 26, 2006

Opening Look

The markets are mixed at the open, with energy stocks trading mostly higher.

Yesterday was a very solid day, on rising volume (accumulation day), making for a nice start to the week.

Bond yields are up slightly (4.57%), after hitting 7-month lows yesterday.

Earnings estimates are predicting a 13th consecutive quarter of double-digit growth for the S&P 500 companies. This morning, there were profit warnings from LEN and LOW, but considering the state of the housing market this is not a big surprise.

I'll be back with the news roundup in a bit--


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