WEEKEND UPDATE

Interesting stuff this weekend in Barrons- bullish on Fido funds, PLD AIG BSC CMCSA CMA GCI KSS LM MU LUV SBUX STI TWX;

Michael Santoli's terrific "OK, This is Serious" Streetwise column with the following:

"There's no way to couch the market action as anything but sloppy, enervating and worrisome.

The S&P 500 is a whisper from its August and November lows and below where it began 2007.

The transports are at a fresh low. Big tech dropped 4% Friday to burn those "hiding" there.

Market breadth is ugly, and traders' faith in positive seasonal trends has been sapped.

If the time to do some buying is when it's hardest to find a good reason to do so, and when it's most difficult to enter bids, then we may be edging that way."

On the intrade betting front:

1) a 60% chance of U.S. going into recession in 2008;

2) who will get elected the next POTUS on November 4, 2008:

Obama 36%

Clinton 27%

McCain 15%

Giuliani 11%

Romney 5%

Huckleberry 4.5%

Bloomberg 2%

My guess is Hillary is a great sell here as is Rudy and the Buy is Obama- probably ending up near 100% in November.

And checking the individual states, Florida at 51/49 to go Blue while Ohio seems to be in the bag for Democrats at 72/28;

Funny how Huckabee tormented Romney for weeks in Iowa and looks to have catapulted McCain to the front of the Republican list.