Weak start for the market as the GM investigation , Exxon Mobil missed earnings, and larger than expected drop in the durable good order in September. But on a positive note, unemployment claim fell by 28,000 to 328,000.

New home sales for September is expected to be our at 10am. Pulte announced great earings, raise guidance, and stock split. Interesting news from Centex, They are giving 5% discount for their new homes in selected area. Looks like we are getting some slowdown in the new home market or at least in certain area.

Interesting comment from Bill Gross, he expect Bernanke to lower rate next year after he takes the position.

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