HALF TIME
A real snoozefest as markets continue to chop lower - Whoops, forgot the exciting news of GM possibly buying another former American auto maker. Just what they need, an investment in another company who also sells cars no one wants to buy.
Strongest sectors include internets and oils. Weakest are reits, biotech, brokers, metals, tech, retail, software, drugs, defense and small cap value.
Key stocks mainly down with the exception of GOOG NYX and RIMM.
As for Kramer's pins, look to $216 on GS, $136 on OIH and $44.65 on the QQQQ.
Market internals continue to be weak with a red 560 on NYSE and red 265 on NAZ.
Major index internals also weak with 170/330 on SPX; 35/65 on NDX and 30/70 on OEX.
Biggest winners include SIAL MRVL ADBE CPB GOOG MRK PEP and AIG while the biggest losers include PDCO VRTX NVDA CHKP and MSFT.
Volatility indexes lower on the heels of a three day price decay.
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