THE OPEN

Markets are lower but near the opening levels - so no cascade down yet - but its early-

ISM number came in at 37.3- probably the worst all time compared to 44.4 the last time.

Some good news- Cyber Monday according to comscore - the second best day ever for online spending.

Strongest sectors- retail, biotech, drugs, utils and telecom while oils, metals, real estate and gaming lag.

NYSE- 1500 net losers;

NAZ- 750 net losers;

NDX- 25 GREEN;

OEX- 20 GREEN;

VIX- higher by 3% at/near 64.5;

Down volume about 4x the up;

It would be a pleasant change if the market got some juice on the ugly ADP/ISM numbers - and are the lows in at 740 on the SPX- I suspect so but been wrong before.

Not ready to make any big daytrades today yet- watching for more clues- as it looks like its not the same old for today.

And for what its worth- the 10 year yields 2.7% - so a move up to 4% on the yield puts those bonds at about $675 - so there is risk in 10 year notes - FWIW.