TUESDAY 10/14/14; Global Markets Attempt Stabilization; US 30-Year Bond Yield Under 3% and 10-Year Note Yield Under 2.20%; German Bund Record Low Under 0.85%; JPM; C; WFC; JNJ; Crude Oil Collapses; INTC

Japan is open for trading after the holiday and plays catch-up to the US by tanking -2% out of the gate. The dollar/yen pair leaks lower to 107.13 so the stronger yen pounds Japanese stocks. Auto makers are puking in the early going with TM, Nissan and Suzuki down from -3% to -4%. Aussie miners are r


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ILD -4.2%. The luster is coming off the biotech and pharma rose. DPZ is up +11% continuing the pizza party all day long. One-trick videogame pony KING collapses -7%.

Crude oil is crushed losing over -4%. WTIC oil collapses under 82. Copper is a bright spot today gaining +1.2%. The Canadian Dollar (loonie) is at a five-year low. The loonie falls 0.7 cent printing 88.45 cents US. Bond guru Jeff Gundlach says the 2.20% level should serve as a bottom for the 10-year yield going forward.

After the closing bell, INTC reports EPS at 0.66 versus 0.65 beating by a penny. Top line beats at $14.55 billion versus $14.45 billion expectations. The beats appear tame but traders love the news sending Intel strongly higher in AH trading up +1.7%. INTC reports the highest ever Q3 earnings in its history and will help boost the Nasdaq tomorrow. CSX earnings keep the party going with EPS at 0.51 versus 0.48 expectations and top line sales at $3.22 billion versus $3.15 billion expectations. CSX trades higher sending other railroads such as UNP higher. Note the top line revenue numbers remain challenged across all sectors.