MIDDAY CHECK

A not so wonderful day on the street as the markets continue to trade lower although off their worst levels.

Best sectors- gaming, reits, utils, internets, oils and retail while airlines, homies, brokers and small caps lag.

Market internals continue to be ugly with over 2k net losers between NYSE and NAZ;

NDX- 40 GREEN;

OEX -20 GREEN;

IBD- 30 GREEN;

VIX flattish as usual;

TRIN- 1.27

Up volume about 40% of Down volume;

Fed's Fisher with an interesting comment- "slower growth, not prolonged negative growth"

Not expecting a dramatic turnaround this afternooon as market internals and fianncials are just signalling more of the same for the afternoon trade.

Finally, congrats to the fine folks at FOX BUS NEWS- they started broadcasting on October 15 when the SPX was 1,549- so about a 13.5% drip in not quite 4 months or about -40% annualized- good job at top ticking.