David Moenning's Daily State of the Markets: 2/22

Courtesy StreetInsider.com News Articles  Fri, 02/22/2008 - 09:08

How Weak is Too Weak? Here’s a link to listen to an Audio Version of the report: http://PlayAudioMessage.com/play.asp?m=484508&f=YYPMZK&ps=13&c=FFFFFF&pm...

 Stocks got started off on the right foot yesterday on the back of an upgrade of Cisco (CSCO) and an upside preannouncement from Research in Motion (RIMM).

However, one look at the headline from the Philadelphia Fed report was all it took to put the bears in control of the day.

Although the Philly Fed indices are designed to indicate the...

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