9.23.2008

MIDDAY SLIP


Markets heading lower again on what appear to be painful hearings in the Nation's capital. Sounds like they are far away from a deal but au contraire- INTRADE says over 60% of a deal before the end of the month. Hopefully - as the market can't take much more indecision.


Anyhow, markets a bit below the flat line as I type with real estate, drugs, telecom, biotech, insurance and utils leading while metals, oils, shipping and gaming lags.


NSYE- 940 net losers;

NAZ- 525 net losers;

NDX/OEX- half in the green;


VIX- flat near 34;


Ugly action as the markets just drift lower after a nice opening- no real idea what will be the case for the afternoon but do suspect a deal gets done and the market will rally- hopefully before too long.


Finally, what does Sarah gain with this - just the slow dribble of unhelpful information.