Market Commentary - Mon, Feb 08 - 10:29 AM ET There are no economic reports today and markets are relatively quiet. The Bond markets are trading near unchanged levels, while Stocks continue in a correction mode. The Dow Jones Industrial Average hit a recent high 10,725 on January 19th – today it is trading at the 9,967 level, a 7% move lower. The fall in Stocks is due in part to the debt crisis over in Europe as Portugal, Spain and Greece continue can’t fund their current deficits. The week’s economic is light the rest of the week with the highlight being Retail Sales to be reported on Thursday. Newly sworn in Fed Chairman Ben Bernanke, now in his second term, will be testifying on Wednesday before the House Financial Services Committee on how the Fed plans to exit the emergency stimulus plans put into effect during the recession. The Fed said it will end the $1.25 trillion program to buy mortgage-backed securities as scheduled on March 31. The hearing is set for 10:00am ET. The Conference Board reported today that the U.S. job market is improving. The Employment trends Index rose to 93.2 in January to the highest level since hitting 93.8 in January of 2009. The Conference Board feels that job growth will resume in the 1st quarter of 2010. The Treasury will sell $40B 3-year Notes Tuesday, $25B 10-years on Wednesday and $16B in 30-year Bonds Thursday in a continuing effort to deal with the current record deficit.