11.16.2006

OPENING DANCE


Markets open mixed with S's over N's the trade as the SPX is+4.5, DJIA+34, NAZ+1.


Market internals are a +900 on the NYSE and +200 on the NAZ.

Sector winners include brokers, airlines, gaming, trannies, financialsl, oils and biotechs. Losers are semis, metals, retail, tech and internets.

The brokers seem to be getting bids off of all the buyout/takeover news and my fav GS is at a new all time high and approaching the $200 target.

I understand some folks are dissappointed by the HTZ IPO, but knowing something about the rental car business, you really don't want to do a monback on the stock. Owning a rent-a-car company is being in the used car business. I don't see great fundys for that as GM F TM etc are all fighting for new car sales. To each their own.

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