THE HEADACHE

Markets are down again on the heels of some crummey news out of the homie sector and some "issues" between Iran and the UK/USA.

Strongest sectors inlcude metals, integrated oils, utilities and internets while gaming, real estate, airlines, trannies and brokers are the laggards.

Key stocks primarily red with the exception of GOOG MSFT NYX and C. All the brokers are lower despite a morning upgrade.

Market internals are very red with a net 2,000 red between the NYSE and NAZ. The OEX/SPX/NDX are a hair better than 4/1 downs to ups. IBD stocks with about 30 out of 100 higher.

Volatility indexes getting overbought again as the VIX is up about 8% while the VXO is higher by almost 11% and trading about 5% above their respective 10 day SMA's.

Is it me or are the CNBC segments just getting worse and worse- 6 in 60 and the new contest where each program has a B grade actor/trader" that they root for and insist that he/she will eventually overtake and beat on the other traders. Johnny Bench remains in 10th place but Erin insists he will eventually win. Just moronic stuff.

Its almost like they could put a guy on TV for an hour every night, have him pick 3 or 4 different stocks each night, and then insist he will make you some "mad money." And is that Nutrasystem commercial the worst and most annoying ever. Brutal.