Sun enters Aries

Sun enters Aries bringing spring. After a terrible winter, stocks are starting spring on an up note. Dow is up 109, advancers ahead of decliners by 30% & NAZ is up 20. This isn't all that impressive but the best the markets can do. Commodities are getting a lot of attention. Oil dropped under 100 & gold is 931 (1000 just a couple of days seems like a feint memory). Jobless claims rose 22K last week, a higher than expected number. Some feel this is another indication we are in a recession. FedEx (FDX), down 48¢, reported a 6% decline in it's Q3 earnings & said it may miss Q4 estimates. They are especially important since they feel the pulse of the economy. Thornburg Mortgage (TMA) is back down to 1.15, nearing death's door. Their mortgage portfolio is financed by $B, those loans aren't looking good.