ANOTHER CRUSH

Another day in paradise, I mean Wall Street as the markets get crushed yet again. The DJIA closed down 370, NAZ -73 and the SPX -44.

The only strong sector on the screens- gaming with LVS+9% and WYNN+7%.

Key stocks- 5 GREEN - LVS WYNN GOOG VMW and ISRG- LOSERS- NYX ICE GRMN C BIDU GS MER MS NVDA.

NYSE/NAZ- 3,600 net losers;

NDX-8 WINNERS;

OEX-7 WINNERS;

IBD 100-5 WINNERS;

VIX- higher by 8.7% and a mere 3% above the 10 SMA;

TRIN- 2.96 UGLY;

Down vol about 12X Up vol;

Ugly ugly selloff and markets are hardly near the recent lows of 11,700 on the DJIA and 1,270 on the SPX. I guess those lows eventually get retested but that should be a nice set up for the bulls when and if. In the meantime - here are updated RSI (2) levels:

SPX 13

DJIA 12

RUT 21

MID 22

NAZ 12

NDX 11

Oh, and how bout this from Cramer late Friday (market top) as he was all excited about the markets:

"The money coming in must be huge. That's what happens when you cut those rates -- people find excuses to buy, and they buy S&P funds. You can see that in the broad-based nature of this rally.

Some of these moves smack of shorts scrambling because there's not a lot of stock around and there are value-buyers everywhere.

These are dramatic moves.

Yet I want to tell you that I am not getting positive vibes from any of the managers I talk to, except the value managers, who are seeing an unbelievable infusion of cash, as the beaten-up sectors -- retail, housing and banks -- are their expertise.

What an amazing move, and yet it inspires no believers.

What a shame.

This is a real good one. "

I just don't understand why no one at CNBC checks Cramer's homework and sees the value of the drivel. Market probably bottoms when CNBC figures it out and dumps this clown.