MIDDAY BLAHS

Markets are down in early afternoon trading with the NAZ/RUT acting the worst while the DJIA out performs.

Strong sectors- junk bonds, gold and utils while gaming, real estate and brokers bring up the rear.

NYSE- 1250 net losers;

NAZ- 1200 net losers;

NDX- 10 GREEN;

OEX - 25 GREEN;

VIX- flat near 43.65;

Down volume 4x the up;

The markets look to meander lower for the rest of the day and a close near the lows is the expectations- kind of surprising that the bulls can't come up with a better showing.