The market was taking its cue from investors' mood outside. There was concern about the economic numbers that came out today.

The market is kind of confused. There are a lot of question marks around that are causing nervousness and investors are being more conservative.

The third quarter corporate results are very good this time, which so far found very little reflection in stock prices. Stocks are cheap and people are buying in a calmer market to fill year-end portfolios.

It's a scenario where everyone is nervous and pessimism creeps in. On the positive side we are looking very cheap.

It gets better there and it gets better here, it falls there and we fall here.

The fall in oil helped diminish some nervousness over inflation.