THE LEFT WING

Markets continue lower and I suspect we close at/near the lows- and in the mean time still opportunity to short the blips.

Anyhow, DJIA -136, NAZ -31 and SPX -13- while crude is up $3 on the heels of a drop in the $$$$ and a surge in the EURO that began around 11:00EST.

NYSE- 1560 net losers;

NAZ- 1325 net losers;

NDX- 15 GREEN;

OEX- 15 GREEN;

10 YEAR -3.83% as inflation news gets worse- hmmmm;

GOLD -$818;

VIX- higher by 4% and at 21.9;

Volume very light again as most are at the beach but down volume 3X the up;

Wish these CNBC geniuses would stop talking financials already- one need not be a genius to figure out that as real estate goes so goes financials- after all loans are generally against the real estate-

SPX trading at 1268 and a few points above my short term target- and its good to know that lefty sees some opportunities in the markets including real estate- soon they will ask Al Michaels for advice on shorting.

Oh and Mad Dog probably with some great stock picking also - tune in for more great power lunch.