PRE OPEN DOWNER

Markets are set to open lower on the heels of a crushing in the THAI Markets (down about 15%) and some ugly news from CC which probably is telling us the holiday selling season isn't going so great as BBY and WMT have also said some not so nice things about retail sales.

SPX Futures set to open lower by 5.25 and NDX lower by 13 as I type. The DJIA Futures are lower by 37 and if the internals are not too ugly, or start to rapidly improve, I will look to buy. My guess is the buyers show and take this market back up to yesterday's closing prices.