Liquidation, liquidation, and more liquidation, ... It's a steady drumbeat of selling across the curve.

It was a combination of long liquidation and fund selling. We do see rising copper stocks and that is some of the impetus behind the recent pressure.

We may not be out of the woods yet and further liquidation and selling could be lurking. Tonight's weekly chart closes will be important in determining near-term price direction.

This has been a little unusual in that Internet stocks have been selling off on a steady basis. Usually, you see the sector down 20 percent one day then up 40 percent the next.

Volatilities have also been bid up across the curve and with the yen having breached key technical levels, it now appears to be preparing for an attempt at testing its September 1998 low of 129.03 against the dollar,

We've got literally thousands of bridges across our railroad. We've come to the realization that our resources really need to be directed to ensuring the structural integrity of these bridges rather than their cosmetics.