12.11.2006

THE OPEN


Markets open slightly higher with DJIA +17, NAZ+3 and SPX +2.

Sector winners include airlines, banks, metals, internets, software, trannies and gaming. Leading lower are biotechs, oils and drugs.

GOOG and AAPL are green while GS is lower by 50 cents in front of their earnings.

Market internals are a bit green with about 500 more winners than losers.

The 10 year Bond is back to 4.518% and I was just reading at minyanville.com where it was noted that Abby J. Cohen was the only strategist in Barrons this weekend to call for lower rates on the 10 year next year. Fade?

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