Market action Feb. 3rd, 2009: A waiting game

Markets are quiet, volume is low and volatility has decreased. All eyes are awaiting 2 important bits of information. First, what happens on the Stimulus package in the Senate will be very important as not only is it affecting the market but will have an impact on how President Obama's Administration was successful or not in his jawboning Republicans and Democrats to get a Bill passed. The other information will come out on Friday and it is the Jobs report for January. Until these two independent variables are known, the market will be dullsville.