THE OPEN

Markets are down on the horrendous jobs number and where exactly is the labor Secretary Elain Chao? In hiding with dubya and a proud fellow SHS grad.

Strongest sectors include brokers, drugs and real estate while metals, oils, trannies and homies lag.

NYSE- 1750 net losers;

NAZ- 1100 net losers;

NDX- 5 GREEN;

OEX- 6 GREEN;

VIX- higher by 3% at/near 66;

Small caps doing far worse than big and down volume about 7x the up.

Original thought was that the number could be bought and if you were very quick - it worked- new theory for the day - take it off as lots of cross currents from buy the dip to a worsening depression. So yes - taking the rest of the day off.