Monday Morning Musings

The market started off in the red, but has quickly erased its early losses and is now trading in positive territory for the session. The likely culprit for the early weakness was bond yields, with the 10-year gapping higher to 4.84%.

There are not economic reports today, but the FOMC does meet on Wednesday. And Q3 GDP will be released on Friday.

Tech, financials, and retail all look mostly higher. While energy and industrials are a bit weak. Healthcare is a mixed bag at first blush.

In other news and notes:

• Is there a team worse than the Browns?
• IDTI, BKS, A, JNY mentioned positively in Barron's
• TWX says AOL sales amy shrink for the next two years
• HAL beats EPS by 4 cents, revenues +19%
• HAS beats estimates, stock gaps higher
• LRCX profiled in IBD's New America section
• Goldman initiates ENER with $40 target
• SLAB beats EPS, lowers guidance; stock -5%
• SiRF says new starIII chips being used by several companies
• PTRY ups guidance, stock falls. weird
• EPIC raises guidance; stock hits new high

long ENER, GS, SIRF