County bulls regroup here . Caterpillar posts a record quarter. Michael soft launches windows 8 this week and so far the reviews kind of tough. Its been called baffling and confusing. Googles new laptop gets glowing reviews. And bp is selling 50 stake in russian oil producer tnk to rasneft. How will it change the market landscape . The dow and the s p closed below their 50day moving averages friday. All three major indices suffering worst day in about four months. A lot of discussion about the percentage of Companies Beating on the top line. Its the minority. Its the minority report. We finely got there there, to a point where companies we always thought it would happen. We always thought during the slowdown we would finally have the triple whammy. Europe not be good, asia not be good, United States not delivering. Were seeing it. Look, its not verizon didnt feel it, chipotle didnt feel it, parker hannafan says it was a disaster. Mixed has been nearly stocky in the sense its not i cant
and spain grappling with its failing banks in a way that will cause intense pain. no gain. we have choina importing less. that economy is clearly slowing. the house of pain. the growth engine that was latin america, has it ever stalled. in part because some countries there are starting to it s reminiscent of the chile in the 1970s. commodities, they can t rally. and without them, many of the global industrials going strong are just being crushed with every european or chinese hiccup. these companies had been the mainstay since the bottom in 2009. now they cannot be counted on to make you money. worst of all, we found out this morning that tech spending has hit a massive wall. as cisco, the huge networking company went out of its way on its conference call to say the customers are pulling in their horns worldwide, orders slowed down, and not cisco s execution, which was excellent, hit every technology stock. today, cisco delivered a knockout blow to that leadership. it s