MORNING BLAHS

Markets open mixed after strong pre market futures were sold on the heels of a MER downgrade and news out of GM that they have sufficient liquidity through 2008-

Strong sectors include banks, internets, oils and telecom while coal, steel, metals and trannies lag.

NSYE- 250 net losers;

NAZ -550 net losers;

NDX- 30 GREEN;

OEX- 60 GREEN;

IBD- 25 GREEN;

VIX- flattish;

Up volume a bit better than down;

Larger than expected builds in gasoline and maybe the beginning of something good- crude trading higher by 45 cents so no big reaction to the news.

Markets having a tough time again as bad news continues to pour in- s0me other bloggers with bullish outlooks in the short term including the Quant and Barry.