NOON THOUGHTS

The markets have stabilized after the news of the Bombay bombings but bottom calling in this market environment has not been a profitable endeavor.

Today, however, may be in the "this time its different" category as the SEMI'S continue to trade well along with the oils and metals. Other bullish sightings include EBAY KLAC DNA and AMGN.

The worst of the red performers are the airlines, homies, retailers and small caps.

The TRIN readings of 1.1 to 1.2 are not that bearish in light of today's downside action, so maybe another tell of better times to come.