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Some Pressure on Markets from Cisco (CSCO) Comments

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Apparently, Cisco’s CEO Chambers was on Bloomberg and said government spending to “get tougher”.  With thousands of computers scanning for words or apparently listening for them we had a quick flush down en masse, but now have stabilized a bit.  It is a pretty innocent statement and not surprising but you never know what little catalyst will move things – up or down.

The S&P 500 sits a tad yearly highs that it reached early last week and retested yesterday.

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