Will Marks of JMP Securities, who tracks the ski industry, notes that many people are now "trading down".

JMP证券(JMP Securities)——它追踪滑雪业的情况——的Will Marks注意到许多人现在正在减少消费。

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"The Nasdaq isn't going to hit 5000 any time soon, " said Mark Lehmann, president of JMP Securities.

WSJ: Nasdaq Composite Is Far Behind in Record Race

Steve DeLaney of JMP Securities says REITs can borrow against 95% to 97% of a government-backed mortgage security's value in the repo market.

WSJ: HEARD ON THE STREET: Debt Ceiling's Overlooked Flash Crash

An analyst over at JMP Securities did the same thing for Apple Wednesday, trimming its rating to Market Perform, and the stock fell 3.6%.

FORBES: S&P 500 Dips Below 2010 Close As Global Crises Continue