WEAKNESS

Markets open lower yet again as fear and forced liquidations appear to be the order of the early trade.

Strong sectors include metals and semis while gaming, brokers, homies, tech, real estate, oil service and mid caps lag.

Winners- INTU PCAR FLEX XLNX TLAB LLTC SNDK XRAY ESRX NTAP CPB CBS WFC TXN NSM AIG RF SO BAC JNJ IBM ORCL UTX HIG.

Losers- AA SLE WY HAL ATI MS DOW EXC LEH CCU COP AXP NVDA VRTX AAPL RIMM EXPD SUNW JNPR SEPR JOYG WYNN ATVI MICC WFMI.

VIX up 9% and at 4 year highs.

Market internals, not surprisingly, weak with 1,900 net losers on the NYSE and 1,350 net losers on the NAZ.

The NDX shows 3 down to every 1 up while the OEX is far worse with 15 up and 85 down.

Glimmers of hope- SMH is green, WFC WB BAC CME- The QQQQ seems to be holding the recent low at 47.