Big corporate news this morning--arrests made in the Target hacking investigation, as well as big earnings reports coming out from Xilinx, Delta, Texas Instruments and AMD. Plus, Verizon will report earnings before the bell, as will Johnson and Johnson--both looking to rack up big beats. And, as we prepare for the Super Bowl, our Jim Cramer is lacing up with a sneaker pick where he's bullish for 2014. Jonathan Marino at the Nasdaq Marketsite in Times Square.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.