Title: Market Analysis with Jim Lowell

" Commodity prices moved lower stocks -- down. The numbers the Dow Jones Industrial Average closes and nearly 9868. Falling -- 104 points -- percent. The Nasdaq Composite finishes almost funny 142 dropping more than twelve half a percent. Yes and 500 -- of nearly 1067. Slipping more than 121%."

" Our market analysis tonight Jim Wallace chief investment strategist at adviser investments an editor of fidelity investor dot com good evening -- the -- Well stocks started the day surging and then reality -- and what the main worries on Wall Street today."

" Today was that the market was very very clearly some big misses and some major regional banks that suntrust down in the Sunbelt. Zion and -- job basically -- into the market that while the big banks have been bailed out. The key midsize banks key to both commercial and small business lending. Remain in profoundly troubled waters I think that alone really sent the market. From -- nearly plus 100 to nearly down 100 by about 10 AM this morning."

" We also saw oil prices sliding in the commodities market getting hammered."

" It's way ahead of the fundamentals no doubt about it and -- reality on the ground is that if this economy is going to. Stall when commodity prices really you have much further to fall but I think what we will see is commodity prices continue their. Volvo but that meant that upward trend over the next. Twelve to twelve months to three years time."

" But you'll be watching earnings for the S&P 500 this week."

" nearly actually slightly more than a third that's of the 500 companies reporting this week it's not so much the individual companies as the tram line that'll be watching for. If we can maintain the trend of the prior third it's reported namely beating 80% beating on top line sales. And also significantly shoring up their bottom line. Then this is around this likely to be able to hold in the Dow 10000 range if we see. A counter trend develop this is a market for itself so you're also finding a silver lining corporate spending. -- it's not it's not often talked about but the reality on the grounds recessions obviously constraint corporate spending fairly dramatically and we've seen the net negative consequences of that -- the playoffs but we also know that budgets. Are basically comprised of November December time friends so last November December. When the budgets of these corporations are being determined everyone was pricing for Armageddon so as we come out. Armageddon into a slow recovery trajectory. Obviously better budgets going ported to next year which really could spur mergers and acquisitions activity. Silverlight and I would bet the ranch on but analysts -- watching."

" An addition to a very busy earnings season week we also have some key economic reports out this week."

" So we absolutely do bracket it down by consumer confidence and consumer sentiment in between which we see. New home sales and durable goods orders QG DP report. As -- income and spending patterns from that bode well or bode ill for the consumer basically help in this recovery sustain itself."

" All right a busy week we'll continue to talk to you Jim -- chief investment strategist at adviser investments and editor of fidelity investor dot com thanks Jim thanks."