THE OPEN

Markets are moving kind of quickly as we went below 7900 on the DJIA and have since rallied 600 points.

Strongest sectors- financials, ags, real estate and homies while utils, internets, retail and gaming lags.

NYSE- 1200 net losers;

NAZ- 500 net losers;

NDX- 70 GREEN;

OEX- 40 GREEN;

VIX- hit a high over 70 and now way back down at 67;

No clue how the day goes as just about everyone is expecting a bottom and I dont think that usually goes well- but we are in uncharted territory.

NAZ clearly leading the way and I suspect that is the place to be if you feel compelled to buy- my guess rallies get sold for a while - so not jumping for joy yet- I want stabilization more than anything.