OPENING LOOK

The major market indexes are unchanged as I type, although the market internals show 1,300 more losers than winners. Sectors outperforming include drugs, some techs and retailers. Metals oils and brokers are underperforming, but I would call the action basically choppy.

T Boone on Bloomberg predicting $80 oil before the end of the year. He has been correct before on oil prices and I bet (long oil shares) he will be correct again with this predicition.