Philly Fed reverted to positive territory last month despite ongoing turmoil in the markets, helping offset the blow of a sharp decline in leading indicators. Markets continue to stabilize this morning, a welcome respite after days of breathtaking uncertainty. The dollar has benefited and commodities are losing steam as safe-haven needs recede a bit. EUR/USD trades quietlyy in the 1.4370 area while the Dow retains gains of 155.