Tomorrow (Tuesday) we get numbers on industrial production and housing and big reports from Intel, Coke, Johnson & Johnson -- maybe that can turn us around.

The two biggies after the close (Tuesday) -- Microsoft and Intel -- were OK but certainly not a market turn-on.

The two biggies after the close (Tuesday) -- Microsoft and Intel -- were OK but certainly not a market turn-on,

Rising long rates threaten the bellwether housing industry as well as consumer spending. The higher [bond] returns begin to compete with stocks for institutional affection.

Just like Coke and Pepsi, Ford and Chevy, Intel and AMD, the OS wars are getting much more fierce.

Clearly, reports of the housing market's demise have been greatly exaggerated.