MIDDAY MUSE

Markets are trading lower with the largest of the big caps - the DJIA being the worst of the major indexes down 85, the NAZ -6 and the SPX -4- RUT/MID always touted on CNBC- both trading in the green and don't look now but MID solidly green for the year.

Strongest sectors- metals, oils, shipping, utils and small caps while homies, brokers, financials and banks lag.

NYSE/NAZ - flat internals;

NDX- 35 GREEN;

OEX- 35 GREEN;

IBD- 60 GREEN;

VIX- down 1.4% at 17.33;

TRIN- 1.45 with Down volume about 1.5x up;

Love the CNBC analysts this morning like Michael Farr- saying that oil should only be about $80 with the rest of the price attributable to speculation- I will bet if you went to the videotape, when oil was $50/$60 Michael said it should only be $28 with the rest of the price due to speculation.

If CNBC ran the videotape on these gurus- there would be not gurus to put on TV.

And how bout that great reporting this AM that SUV's are hard to trade or sell and prices are dropping rapidly- just fascinating stuff.

Markets getting hit by Crude which is up $3.3 on the day to $132.3;

Gold silently moving back up and now at /near the $930 level;

Not much interest in getting long the major indexes yet as the financials trade lousy and until that changes - not gonna dip. Did however get in on the SKF long and that is working well.