THE OPEN

Markets open lower on the heels of changes to the DJIA and bad news out of insurance gain AIG. The DJIA -95, NAZ -7 and SPX -9.

Sector winners- semis, gaming, tech, internets and staples while insurance, airlines, banks, real estate and metals lag.

Key stocks- 15 /40 higher- leaders- RIMM VMW BIDU AAPL WYNN BG SMH UA INTC MGM;- laggards- GRMN C TIF MSFT MS CELG MTW MER;

NYSE- 1,150 net losers;

NAZ -550 net losers;

NDX-35 WINNERS;

OEX- 25 WINNERS;

IBD 100- 40 WINNERS;

Bad timing on the XLF with the insurance component but not giving up on the trade yet;

Interesting how DJIA adding BAC to the index while it has all the supprime problems- A bit different than the addtion of MSFT /INTC near their tops.