Dow Watch: Lack of Confidence

(At 2:40 p.m. EDT)

A little over an hour remains in the second quarter of 2009, and like a defeated boxer, the Dow looks like its down for the count.

The sucker punch was the weaker-than-expected consumer confidence number I referenced earlier, and the blue chip stocks haven't been able to recover. Of course, not much has happened since the report's release, leaving the Dow lower by 100 points for the day.

I wish there was something more clever to say or some other headlines to report on, but it's a fairly quiet day in a holiday-shortened week. Volume is petering out as we head toward the July 4th holiday. CNBC anchors have now been talking about municipal bonds for what feels like hours. ...