Compression Day…Mid-day update…

10:40 AM CDT:

A couple of comments as the market is kind of exhibiting a bit of mini panic, not like last week, but there is an element of the scary monster syndrome going on. The facts are, of the five factors that we monitor, four are exhibiting bullish traits, only gold is putting up a bearish story. Interest rates, the 30-5 yr yield curve, the dollar, and the oil market are all supportive today.