MIDDAY DELAY

Markets are lower as participants seem to be getting nervous waiting for the uncertainty regarding the bail out plan to go away.

Best sectors- solar, energy, homies, biotech and brokers while real estate, trannies, utils and financials lag.

NYSE- 560 net losers;

NAZ- 400 net losers;

NDX- 60 GREEN;

OEX- 45 GREEN;

VIX- FLAT at 36 level;

Ten year note- 3.78%;

EURO - moving up at 1.466;

Gold - haning in at $893;

Crude- flattish at $106+;

Not much going on except NAZ outperforming as IBM is the latest company deemed a financials and added to the "do not short" list.

Tom Friedman on why we spend a lot in Iraq;

And why is it such a big deal to invest/spend $700B here when we spend so much over there?

More fodder for McCain on why he should hate the NY Times;

Finally, Fuld and his stock sales;

I suspect the markets will move up nicely (shorting opportunity) once a deal gets done.