Title: Market analysis with Jim Lowell

" Stocks headed down today after the Federal Reserve released minutes of its last meeting Bancshares led the way falling after the Central Bank reports that it lowered its economic outlook for the year. The Fed said it expects conditions to improve in coming months but the unemployment could reach. Nearly 10%. Our Wall Street the Dow Jones Industrial Average off nearly 53 points about half percent for a little over that close of 84 point two. The Nasdaq Composite down about seven a fraction of -- percent 1728. The S&P 500 down more than four points today. Regionally the Bloomberg's doing -- index dropped about one and three quarters doing tech stock index. Essentially flat. Market analysis tonight we're joined by Jim -- chief investment strategist at adviser investments. And editor of fidelity investor dot com meeting Jim good evening -- let me start with that Fed admitted those Fed minutes from the last -- the one in April. I was a little surprised that the reaction here. You're looking in the rearview mirror."

" It is a rearview mirror reported we've already seen both the Fed and Treasury Secretary. Come out of basically counter man what they knew were in those minutes of suggesting a far more positive. Overlay to this -- economic landscape there were in in those minutes. Themselves suggested today nevertheless they were a sobering reminder that we still are fighting the head winds of recession. Even if the markets have -- more than 40% off their mid march lows. Some earnings news today target and BJ's retailers got both feet on the bottom and top -- through better execution of disciplined management in difficult times they also tend to be rewarded by recessionary. Times buyers seek -- discounts and go through their portals as a result. Nevertheless these are stocks that are likely to feel some. Form of pressure of going into the summer and so the consumer can will likely feel the pressure of continuing rising oil prices and."

" Gazprom's and we'll stick with oil for a second 62 dollars a barrel today it's been sneaking up pretty steadily here for the last few weeks right."

" And this is ahead of the summer driving season and of course ahead of hurricane season which kicks off on June 1 so. I think the trend is likely higher even if the economy both here and in China wasn't going to. On a recovery path the reality is though. As these economies do recover and I fully expect them to do so over the next quarter or two. Well prices are likely to trend simply higher still local hang over from Hewlett-Packard's. Numbers just. You can see it in the tech sector absolutely. Hewlett-Packard yesterday and reported that it was having difficulty selling desktop computers in this environment to. Both businesses and retail purchasers that's not surprising. The technology group has been a dramatic leader of this market rally. Really from the beginning of the year even head of the broader market rally I expect it could to continue to do so despite sort of one day of blips related to earnings --"

" Those stress testing of the big banks we talked about a week or so ago several banks identified as needing to add more capital Bank of America one of those. Stock sale thirteen and a half billion dollars worth what pretty quickly."

" Extraordinary amazed they start to raise capital of the free market and old fashioned way rather -- knocking on government's door and asking for more of our dollars place. Created a public offering of their stock and they raise. As you said thirteen billion north of thirteen billion dollars that's. A very good -- very positive -- for its ability to basically bail itself out and eventually repay the TARP loans. And in so doing we pay us."

" We'll leave it at that our market wrap tonight Joe blow from adviser investments and fidelity investor dot com -- security."