Mixed day

A down day again although Dow & NAZ are up slightly, decliners are about double advancers. The news front is not good. FedEx (FDX) lowered earnings expectations for the fiscal second quarter & full year, down 5. Starbucks (SBUX) cut its earnings forecast for fourth quarter after it reported traffic at stores open at least 13 months dropped 1 percent, down 2. I don't drink coffee but this is not a good indicator for the overall economy. Major banks are down about 1 each, more worries about even bigger problems with mortgages & the loan portfolios. Fortune said that Fannie Mae's (FNM) problems (losses) could be bigger than reported. This week, the market has sold off big in the closing hour, i.e. investors don't want to hold overnight. Because this has been a down week, short sellers might buy in the last hour to take gains by reversing out their positions. Keep in mind good stocks should be available at lower prices. Hang in there.