MIDDAY DIP

Markets are down but off their worst levels with metals and oils leading and banks/brokers lagging.

NYSE- 1545 net red;

NAZ- 1220 net red;

NDX- 10 GREEN;

OEX- 20 GREEN;

VIX- still lower by 2.5% at 31.3;

Down volume still 2X up;

SPX trading under 1235 - which looked like support and a move higher will be shorted by this fish. GOLD/SILVER/OIL looking good as the commodity trade is probably back on the table with the big bail out.

One item on Sarah not seen until a bit ago- wow what a big supporter of hurting women.

Finally, Paulson- why does the next President need him - has he really done such a fabulous job - ?And if the market tanks here does it mean traders should stock up on canned goods and hand guns?