MIDDAY SLIP

Just when everyone was ready to throw Cramer under the bus for his sell call yesterday - the markets have move lower after ramping up in the morning on the heels of more Fed help.

DJIA -200, NAZ 45 and SPX 24.

The damage is in gaming, real estate, banks, internets and retail while ags and metals are higher.

NYSE- 1500 net losers;

NAZ- 890 net losers;

NDX- 8 GREEN;

OEX- 20 GREEN;

VIX- lower by 5% at 49.15;

Down volume 4X the up;

SPX still about 25 points above yesterday's lows and I am sure that if we approach those levels the dip buyers will show big time.

Surprisingly, Vince Farrell of realmoney.com and CNBC calling for a bottom in this area - of course he calls a bottom every time the markets have a down day. Value added- and don't forget to dip in and buy the financials-