Title: Market analysis as month closes

" Market analysis tonight Jim Lowell is chief investment strategist at adviser investments and editor of fidelity investor dot com evening Jim good -- our -- well so much for GDP euphoria that disappeared faster than a piece of unopened can -- dial in no doubt about it it was a two and a half percent to a reality check on most of the major indexes today 250 points on the Dow and the argument is that this really had been long overdue."

" It has been -- this is a market that's way ahead of the fundamentals. Not just domestically but globally so. So expectations for ten to 15% pullback are pretty much baked into the next. Several weeks worth of trading and today we did at the end of month's trading on a -- good volume wrong direction but I would suggest that this is. This is a rational. Sell off by the vick's volatility index which is an indicator of fear certainly jumped up today and demonstrably so. But the reality is that we're nowhere near the level of of even close to the panic levels that we saw just as soon as recently as mid march."

" How much of this is about reflecting on what we've seen during earnings season bottom line top line of performance. And also as we pointed out at the top of the broadcast tonight. The stimulation that has been brought to bear in this economy that probably Jews those third quarter GDP figures."

" Well that's where you get the ten to 15% correction that basically -- in every one or not everyone but certainly most analysts understand. That this stimulus certainly did do some measurable good unfortunately it was also extraordinarily temporary and focus. And so the expectation is that that earnings going forward and have to be -- the old fashioned way. And in a market where we simply aren't creating jobs obviously not creating consumers and and housing market that may be stalling. There's no dramatic incentives for consumers to drive this economy forward through dramatically increased purchases. Nor is there a great incentive for businesses to drive this economy for by. Scaling out there IT spending or by rehiring people."

" Well we say good bye to October today as well brand new month on Monday let's look ahead to next week what are -- watching."

" extraordinary amount of economic activity that's going to lend to increase volatility day every single day. Maybe the chief moment will come Wednesday when the Fed -- things they start their -- I regularly scheduled meeting on Tuesday but we get a raft of data from car sales. The factory orders to manufacturing data and we also get. Mid week ADP's precursor to Friday's key jobs numbers are really is going to be a -- keys off of economic data as opposed to earnings data. It's going to be a very volatile week."

" Our Friday market -- Jim -- from adviser investments and fidelity investor dot com thanks Jim have a good weekend thanks for the."