LOWER OPEN

Markets open lower on the heels of the CAT blow up as the stock is down almost $8.5or 12+%.

Other stuff on the radar include lower semis, cyclicals, small caps, oils, biotech, retail and tech. Higher, GOOG+7%, brokers, internets, consumers, airlines, banks, drugs and trannies.

Market internals show about 1,700 more losers than winners and NYSE doing a bit better than NAZ.

DJIA 12,000 now firmly in the rear view mirror at 11,967 and all of a sudden the NAZ Futures are down 14 points. If the carnage continues, a strategy may be to scale into some ETF's on the probability of a Monday ramp. Right now, waiting it out as the crummy internals are giving me the wait till later signal to buy.

That strike 3 looking by Beltran last nite was not a pretty site but it was a heck of a pitch.