>> it all depends on what happens at jackson-hull. given how bad the chinese figures were but i would have thought that we would have a update today. every time we get negative news it's been bullish because of the expectations of stimulus coming, not only from the fed, but the ecb and now from china, of course china stimulated their economy many times over the past couple years, and it's done nothing to slow growth. it's difficult to be short here. with the spector of stimulus and the uncertainty in the middle east, you're better off staying out or staying long. >> okay, let's look at where the markets stand with about, what do we have, about 40 minutes left before the closing bell. the nasdaq is up, and the s&p is as close to flat as you can get. >> interesting for rim, more worries of a white knight coming in, what could ibm want with blackberries. >> and apple stores matching discounted iphone cases from stores like best buy. is the company moving farther away from the founder's vision? it's about support where you find it most co

>> it will until the fed meeting or jackson-hull. but with us at the upper end of the trading range, what we will see in the global economy. >> peter sorentino what do you make of it? >> we had such a sell off that most institutional investors have been under owned and selling in the retail space. any relenting at all and the market would just rebound on it's own natural course. the low volume, it's just sort of been a gradual flow of equity and money coming back into the marketplace. nothing really fundamentally based, people just don't hate them as bad as at the end of the first courter. >> courtney, i know it's been a light week, what do you look for a catalyst to keep it going. >> pretty much any, maria. there is reluctance from investors, we're dipping one toe into the water to see how it goes. it's been a good week, v volatility is very low. you asked about next week, take a look at the vix. futures contracts in september are up above 18, january above 25. there is still some uncertainty. you want to wait and here that ben bern

volume has been deadly, and come september, you're looking at jackson hull. >> yeah, we're looking for a downgrade. ben bernanke will be speaking then, you have the september meeting of the fmoc. you have several dates that could be catalysts for the market one way or the other. i still think we get more out of central banks than some would suspect. rick and ri sitting in the same geographic area and there has not been an anti-matter catastrophe here. >> thanks. meanwhile, this market is losing steam as we speak. we had a rare downgrade of apple today. seema mody over to you. >> they downgraded saying that expectations are too high around the apple tv. that's what's weighs on the nasdaq 100. let's get to one sector that is outperforming today. they're leading higher on the hope that the ecb will take steps to help troubled spain. morgan stanley is up about two tenths of a percent. the winner the world of retail is urban outfitters. analyst noting sales and market stabilization. recent sales are expected to help the hardship retailer going forward. the stock up better than 1%, and a qui