Veteran’s Day Market Randomosity

• Well, $CSCO weighed on the market today. Maybe this is the catalyst that causes the pause.  I still think we’re heading for a correction or consolidation.  As I mentioned in the AudioBoo yesterday, nothing too dire, just a frustrating back and forth for a bit.
• Nothing to spill your iced tea over.  But if you do, this Vietnamese coffee shop girl will be there for the quick refill.
• So, about that Cisco: "To have a major tech bellwether warning like this is very concerning for the market, especially considering that Cisco gets a lot of their revenues from exports," said Jeffrey Sica, president and chief investment officer at SICA Wealth Management. He said that exports have been seen as a big driver for U.S. companies. "It was somewhat of a shock to the market," Mr. Sica said.
• President Obama open to extending tax cuts for the rich.  A senior adviser to the president, David Axelrod, told the Huffington Post Wednesday that temporarily extending tax cuts for the wealthy appears to be the only way to get support for permanently extending the breaks for the middle class.  That admission reflects the new political climate now that Republicans control the House. "We have to deal with the world as we find it," Mr. Axelrod told the Huffington Post.
• Hey, the cruise ship passengers are back in port!  At least they were provided with free drinks.  And… Miami-based Carnival Cruise Lines, a unit of the world's largest cruise line, Carnival Corp said passengers from the disabled ship would receive a full refund and reimbursement for transportation costs, as well as a complimentary future cruise of equal value.
• So, to reduce the national debt, “shared sacrifice” needed.  Have you read the mix of tax hike proposals, spending cuts, and rising the retirement age?  Will any political party heading into the 2012 election take this seriously?  DOA.