THE CLOSE

Not much to say about today's trade except it was fairly uneventful, although markets did close at/near the lows of the day. The fact that was of most interest, the crummy market internals and the lousy action in the financials. Small Cap Value - the worst of the major indexes and down about 1.3% while the DJIA was the best and down only .4%.

Financials/Brokers/Xchanges that were lower by 1% or more included:

BAC BEN C CFC JPM MA MI MTB TROW BSC GS LEH LM MER MS ICE NYX. BSC and LEH really crushed.

Market internals closed with net 1400 losers on the NYSE and 900 net losers on the NAZ.

OEX: 20 WINNERS Including - HON CMCSA HD MO CSCO AA GD TWX BUD -

LOSERS- LEH EXC AEP ETR AES WMB GM NSM SO NXY EP JPM;

NDX 23 WINNERS- Including- DISCA JAVA WFMI NVDA PDCO EXPE CMCSA NTAP MNST ADBE; LOSERS- ROST SNDK TLAB UAUA ERIC YHOO DISH GRMN AAPL LBTYA INTU ALTR;

IBD 100- 23 WINNERS- Including - ACH FTK SNDA WBD CMED BIDU SNP CPLA DRYS NVDA CNYO; LOSERS- CRNT BTJ TEX SPEC GTI CMG UA EXM VSEA AFSI SPSS;

NYSE New Highs- 31 New Lows- 17.

NAZ New Highs- 41 New Lows- 46

VIX closes up about 7% and still about 15% below the 10 day SMA.

Probably more dull action through the Labor day Holiday, unless of course some ugly news drips out during the week.