PRE OPEN

Sorry for no posts yesterday but a bit under the weather (like today), holiday and technical issues. I did however watch and there were some things of interest.

Lower crude didn't give us higher markets. The NAZ was red in the morning as the DJIA rallied and then got worse as the day went on. And finally, what really happened when the DJIA fell about 50 points in a few moments around 1:30 PM eastern yesterday.

Briefing noted a big SP Futures sell program knocked the market down and some others have mentioned the Foley matter heated up at that time. I don't know but I haven't seen the market get knocked down so quickly in quite some time.

I think the markets may see some weakness in the near term as new polls show the dems tied or leading in the ten contested Senate races. A lot has to do with Foley and George "macacca" Allen. Also lots of chatter about the typical year end rally being accelerated into August and September and making the last quarter down or flat.