Morning Market Report 2/12/2013

The KUIK Morning Market Report for Tuesday, February 12:
Markets are flat.
Index Direction Change Units Last Time Change
Dow Up                       7 points             13,976 6:51 AM
S&P500 Up 0.01% percent               1,517               0.13 points
Nasdaq Composite Down -0.02% percent               3,191              (0.64) points
30 Year Treasury Up                         4 Basis Points               3.19 Annual Yield
The National Federation of Independent Business said its small-business optimism   index edged up 0.9 points to 88.9. Even though there was a five-point advance   in those who expect the economy to improve, at -30%, that component was still   the fourth-worst on record.
Market are flat ahead of President Obama’s State of the Union address today at 6:00   pm Pacific time.  The president is   expected press for issues favored by the coalition of women, youth and   minorities that swept him to victory last November.
Marketwatch reports the latest fund-manager survey from Bank of America Merrill Lynch out Tuesday says managers continue to see value in   equities after the strong market performance of early 2013. Around 13% say equities are  still undervalued.  The survey polled 251 managers with $691   billion of assets under management.  59% of the managers think the global economy will strengthen in the   year ahead. The continued high level of optimism is a concern, and markets may be vulnerable to bad news, but valuation suggests any correction should   be short and shallow.  Their favorite sector is pharmaceuticals.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/nfib-small-business-index-edges-up-in-january-2013-02-12
http://blogs.marketwatch.com/thetell/2013/02/12/itll-be-a-short-and-shallow-stock-correction-if-any-say-fund-managers/
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3