he is portfolio manager at eaton vance management. he joins us from boston. lew, welcome to nightly business report. >> thank you. >> tom: let me ask you, is this sell-off we've seen here in the month of june any different than others we've seen in what otherwise has been a two-crer plus stock market rally? >> it really feels very similar to where we were in the spring of 2010. you had the european debt crisis rear its ugly head, similar to where we are now. you had the end of-- or the potential end of the fed's quantitative easing program a year or so ago, similar to where we are now. and you also had energy and commodity prices spiking at the same time which were having an impact on economic growth. so all those things are still in place or have kind of come back into place right now, it is causing a little bit of fear in investor's minds. >> susie: so with that in mind, those trio of concerns, how do you rank those in terms of the biggest uncertainty for investors? >> well, i think in the short run the end of the quantitative easing program, i think is a h

lew piantedosi of eaton vance management is our market monitor. he thinks market volatility presents opportunities for long- term equity holders. speaking of investment strategies, what's the best way to build an index fund: by the size of the company or the financial performance? we look at two popular strategies, their rewards and their risks. >> suzanne: ford's revving up production of electric and hybrid vehicles, tripling its annual output to more than 100,000 units over the next two years. the automaker eventually wants to put electric technology in a quarter of its cars and trucks. one of the first off the assembly line is a modern hybrid only take on the minivan. it's due in u.s. showrooms next year. and ford's electric plans will mean more than 200 green tech jobs for michigan. >> tom: avaya filed for a $1 billion initial public offering late today. the maker of phones and telecom gear is the latest tech firm to tap into a resurgent i.p.o. market. the offering values avaya at over $5 billion. while it's business has suffered from weak tel

watching for next week: our friday "market monitor" is lew piantedosi, lead portfolio manager at eaton vance management. the world bank updates its global economic outlook, and we'll get a snapshot of economic activity around the country from the federal reserve's beige book report. monday, it's tech times two! apple and microsoft both unveil new products. >> susie: the nation's high unemployment rate is taking a toll on wal-mart. the world's biggest retailer is seeing what it calls a "paycheck cycle." that's where people stock up on pay day and spend less on other days. wal-mart's c.e.o. says the phenomenon is more pronounced than ever. separately, wal-mart announced a $15 billion stock buyback. with the company's stock price in a rut, it's been returning excess cash to shareholders in share repurchases. >> tom: the details surrounding the federal reserve's rescue of bear stearns in the spring of 2008 will remain sealed. a federal appellate court ruled today the central bank's board of governors does not have to release those records. a former f.d.i.c. official had sued to make them public.