Much Ado About Nothing

As the day began investors saw that bond yields had stabilized and stock traders began looking forward to a good day.  Shortly after lunch IBM traded below an important technical level and stocks began to lose their early gains.  The Fitch Rating Service went as far as to say that solutions to the European debt crisis are not attainable.  Thanks for the confidence builder.  Fed President Fisher's comment that QE3 was never even on the table at this week's meeting was a real downer for stocks.  After all the scrapping, the down closed down 2 points.