AFTERNOON TAKE

Another crazy day as the markets sell off /rally/ sell off and repeat and decent money could have been made from both sides.

It feels like the markets want to go higher but I feel more like I want the weekend to start as it is tiring and difficult to follow all the big bars and guess whats next.

The latest rally on the heels of a rumor that C will be slicing 10% of jobs or another 35k- funny how that is good news - but when we talk about bailouts and all the potential job losses at GM F its bad news.

Sectors- metals, large cap value, drugs, utils and bio lead while reits, semis, shipping, retail and oil service lag.

NYSE- 1750 net losers;

NAZ- 1500 net losers;

NDX /OEX 30 GREEN;

VIX- up 5% at/near 63;

Like I said- feels like higher from here but really wanting the weekend to start.