MIDDAY RANGE

Markets are off their best levels withe the DJIA losing about half its gain.

Strongest sectors- financials, gaming, ags, internets, biotechs and retail while airlines, energy, telecom and semis lag.

Pretty quickly folks forget how Spitzer went after Wall Street research issues- Anyone remember Blodgett etc. and the positive research on the IPO's etc- Jack Grubman- wasn't that all started by Spitzer?

Anyhow, markets hit a wall this morning somewhere near the SPX 1,330 level pullbacks are probably a buy today as folks are getting bullish.