daily market review as 10/29/2007

--Sixty-five percent of the S&P 301 members that reported quarterly earnings so far topped analysts'forecasts. --Merrill Lynch CEO Stan O'Neal is resigning: write-off 7.9 bil, uncomfortable with indpendent people views, charge for purging rivals and allies after gaining power, the final straw was his unilateral decision to ask Wachovia to buy Merrill.