5.08.2006

10:00 LOOK



The markets are off and running, well not exactly as the major indexes are basically unchanged this morning and the market internals are following suit.

Erin Burnett, one of my favorite anchors on CNBC is convinced that the DJIA has outperformed the Small caps lately but the chart above tells me different. I wish I knew why the anchors at CNBC have all this interest in having the big caps outperform. Do they get a raise? A bigger bonus? Why Erin Why?

There are no outperforming sectors this morning as they are all trading near the flat line. The Oils and the metals are the losers with each down about 1.5/2%. INTC is leading the SMH as big daddy is up nearly 2% on an upgrade. GOOG is lower APPL and SNDK are higher.

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