THE SNOOZE

Markets are chopping around with out much direction although they continue to be higher. The DJIA +22, NAZ +14 and SPX flat.





Strong groups include telecom, metals, shipping, ags and biotech while oils, gaming, retail and real estate lag.





NYSE- 600 net winners;


NAZ- 600 net winners;


NDX- 60 GREEN;


OEX- 50 GREEN;





VIX- down 8% at/near 55;





Up volume a hair better than down;

GS - the only interesting thing on the screen as Bove downgrades the stock and tags an $80 target on it.

Not much else happening as most seem to be a the edge of their chairs waiting for the first election returns- gamblers not so much as McCain is now at about 11/1 to lose on intrade.





Some interesting stuff this morning - the Kiplinger 25- not such a great year- and what happened to the best and the brightest?