After taking a little dive stocks are in positive territory today.

Too many bargains out ther are pushing Wall Street higher in erratic trading Thursday as investors, while still nervous about growing signs of a weakening economy, picked up all this bargains from stocks that were way oversold from the last two days market collapse. "Its people coming in that see tremendous value, but for a more sustainable advance I think we need more time," said Steven Goldman, chief market strategist at Weeden & Co. in Greenwich, Conn. Wall Street digested a rush of corporate news. Goldman Sachs Group Inc. is preparing to cut about 10 percent of its work force, according to a person briefed on the plan who requested anonymity because the company hadn't publicly disclosed details of the plan. Lets hope the market keeps rising...... Up up up!!!

US STOCKS Market drops on recession, profit worries

U.S. stocks were loosing value on Tuesday as recession fears fueled a sell-off in commodity-related companies like Exxon Mobil Corp.

Also the earnings reports and outlooks sparked caution.

At the time of this writing all of the major indexes were down, however they well showing sign of heading to positive territory maybe later today.

Stocks future lower after rally yesterday

Wall Street is heading to a lower open Tuesday Oct 21st, a day after a over 400 points rally. In the mean time investors are monitoring gradually easing credit market conditions while sifting through another batch of quarterly earnings reports. That will give some clues on where the economy is going. Ahead of the market's open, Dow Jones industrial average futures fell 59, or 0.63 percent, to 9,258.

Among the companies reporting Tuesday are Caterpillar Inc., Apple Inc., DuPont Co. and Pfizer Inc.

The Standard & Poor's 500 index futures fell 6.50, or 0.66 percent, to 983.90, and the Nasdaq 100 index futures fell 20.00, or 1.47 percent, to 1,340.00.

Some pullback in stocks was to be expected as investors cash in profits from yesterday big gains. Nevertheless, market anxiety appears to have lessened considerably compared to the previous two crazy weeks in wall street when fears about tightening world credit and the health of the economy battered stocks everywhere across the world.

Yesterday, the Dow Jones rally more than 400 points on more signs of a reviving credit market and support from FED Chairman Ben Bernanke for further steps to aid the economy, including an additional stimulus package that could go directly to the consumers.

The three-month Treasury bill Monday yielded 1.28 percent, up from 1.12 percent late Monday. The yield fell to 0.20 percent last Wednesday, meaning investors were willing to take the slimmest of returns in exchange for a safe place to keep their money.

The dollar was higher against other major currencies, while gold prices fell.