the barker

Markets continue to trade lower with the RUT/MID/NDX continuing to be the places of maximum pain.

Brokers tanking again after an initial bounce and a question for anyone about LEH. Who exactly is LEH going to attract as a customer and is anyone who is a customer contemplating transferring their business elsewhere. So my guess is they will "eventually" run in to the same issues as BSC. And where are the best customers going to land - my guess GS- and they will be the broker that picks up and grows its business over the long term.

Strongest sectors- drugs telecoms and utils while brokers, financials, oil service and airlines lag;

NYSE- 2350 net losers;

NAZ -1540 net losers;

NDX- 10 WINNERS;

OEX- 20 WINNERS;

RSI (2) levels near 10;

TRIN- 1.2

Down volume 9X Up volume;

Primarily sitting on the sidelines with a little shorting - mixed in as I suspect before too long a nice bounce will develop- not today or tomorrow but pretty pretty soon.

And finally how bout Jimmy with the video of videos linked via Adam- just love the youtube.