OPENING MUCH

Markets are way down yet again and the DJIA has broken the 10K level as markets around the world get crushed.

Metals the only sector in the green while ags shipping and emerging markets are the worst.

NYSE- 2770 net losers;

NAZ- 1900 net losers;

NDX- 1 GREEN;

OEX- 1 GREEN;

VIX- higher by 14% and over 50;

Not much to do here - IMVHO - not buying or shorting here as we are going to have a whopper of a rally sometime soon-

Check out the Rob Kirby link - as he has his take on what really happened with LEH.

Finally- what about buying Mccain on the Iowa markets and Obama on intrade. That ought to work.