9.26.2008

AFTERNOON DEAL


The markets continue to defy the internals by hanging near the flat line or just down a bit -


NYSE- ugly at 1800 net losers;

NAZ- 1070 net losers;

NDX/OEX - about 40 GREEN on both;


VIX- higher by 7.5%;


Gold up oil down EURO up;


Still not convinced we are going to close green or flat as those internals rarely lie-


The debate on the debate ended and it looks like the experienced guy blinked yet again;


Intrade with a 66% chance on a bailout deal by Tuesday- problem is we need a deal by Sunday night.


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