Title: Market analysis with Jim Lowell

" On Wall Street today stocks surged today ahead of the banks that test results here's a look at the numbers the Dow Jones Industrial Average was not what and a 101 point 1% to close at 8512. The NASDAQ gained nearly 517 -- close. And the S&P 500 rose almost sixteen close to 2% to finish the day at 919. And a half. Regionally Bloomberg's New England index was up more than one and a quarter and the New England tech stock index dropped more than a quarter."

" Market analysis tonight Jim Motorola's chief investment strategist at adviser investments and editor of fidelity investor dot com -- Jim -- in -- lots of stress over the stress test until the results began to leak and then bank stocks took off."

" It was an extraordinary day in the market I wouldn't want any investors to think that the broad market rally was anything other than a rally in the financial. That's really all it was -- on the rumor -- insignificant. Measure. The fact that Bank of America is rumored to need 34 billion dollars more in capital. Did nothing to I think the stock was up over 12% on the day. So really the financials. Clearly led what looked like a broad market rally for yet another day."

" Sheila -- those sending a clear signal that the government in the FDIC want these banks to go to the private market before returning to the government."

" That's certainly is what they are saying it's certainly is also not what they have been doing so. I think we will see a convergence of politics and economics in the banking in the auto industry at least for another quarter two. And on the interest rate market and in the lending market ten year treasury auction today how to do. He was actually interesting I had expected to see it be squeezes -- little bit is -- seen such optimism come back into the equity markets in fact the opposite happened. And it was a very good to robust auction signaling that there are still investors out there who aren't simply willing to buy. Twenty year -- and no long term treasury ten year long term treasury notes but who are also still fundamentally bearish on the equity markets that was surprising to me. But certainly help to the equity side of the market through maintain what. Could otherwise have been a very flash also with the news background today the EDP jobs report what do we -- well what we learned was that the numbers while still extraordinary by by any typical market measure. We're dramatically lower than consensus estimates in the prior month's number was revised downward those two things. Fit this pattern that we've been talking about the decline declining. And that in and of itself were really lit a fire under the market futures they they turned from down seven diplomacy. Before the open a fifteen point spread. It's fairly rare to -- and in the last couple of seconds some earnings news today. Yeah we that's only from credentials showing a flight to a perceived safety and annuities was basically good news for them lowering their overall losses. We also saw I thought some fairly interesting news coming in basically a bank -- and housing market. Pulte Homes which was a leader of the day ahead after it reported was punished heavily today. As -- rumors began to swirl around report suggested nearly a quarter of American homeowners underwater in their mortgages. If this is a market that needs the housing crisis to be solved before it sustains a real rebound. We've still got some work to do all right we'll leave it there are market wrap this evening Joe blow from adviser investments and fidelity investor dot com see it margin --"