Very Cautiously Floating:
Stocks are down over 100 points to start the morning, Mortgaged Backed Securities are unchanged on the day and Crude oil is down .32 cents at 77.26 per barrel. Consumer Sentiment comes in at 69.4 vs. the 73.3 expected. Industrial Production was higher than expected at 0.7% vs. 0.2% expected and Capacity Utilization is higher. Third Quarter earnings continue - IBM reports lower sales, GE lower revenues, B of A posts loss for quarter.
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