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US Trading Summary
U.S. Stocks were lower at midday among concern about the White House scandal, corporate earnings, and Asia.  A sell-off in European and Asia markets plus the weakening of the yen added to negative feelings.

This market is going to stay weak, for some time we have discussed the problems with the broader market indice.  I won't say we are looking at anything but weakness at this time, but it is very possible to see a correction here.  In my daily scans, there are less and less companies showing up. If you look at the Market Report, you see the Advance Decline Line chart has been warning us for some time. As this week progresses I suspect we will see a further decline.

Tokyo/London Trading Summary
The Nikkei 225 average plunged 214 points, or 1.3%, to 16,165. Shares in London traded
lower Monday as Friday's slide on Wall Street and sharp losses in the Asian financial markets set the tone.  The Financial Times-Stock Exchange 100-Share Index was down 51 points to 5787 at midday.

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