St. Patrick's Day may be 196 days away, but

TheStreet.com Internet Sector

index is wearing the green now, up 25.99, or 4.6%, to 587.90. From

Amazon.com

(AMZN) - Get Report

to

Yahoo!

(YHOO)

, every single component can hoist a Guinness and smile today.

Why are Irish eyes smiling? Pre Labor Day labor figures lower than analyst predictions -- a good thing in this case. Only 124,000

new non-farm jobs

were created in August vs. an expected 220,000.

Wages

crept up 0.2%, half of the 0.4% prediction.

Unemployment

was at 4.2%, right in line with the analysts' expectations.

Freed from an early morning halt,

National Discount Brokers

(NDB)

was down 5 1/2, or 17.6%, to 25 3/4, after last night's announcement that first-quarter earnings would be much lower than expectations. The company now anticipates earnings around zero, while analysts expected around 21 cents a share. Today's loss was foreshadowed by NBD's 4 1/2 drop in pre-market trading.

More foreshadowing: Net bellwether Amazon was up 2 7/16 in pre-market trading. Now it's only up 1 5/16, or 2.2%, to 61 5/16.

Navisite

is about to join the big leagues with a public offering of 5.5 million shares. No one's happier about the deal, underwritten by

Banc Boston Robertson Stephens

,

ING Barings

and

FAC/Equities

, than

CMGI

(CMGI)

, which would own 70.9% of Navisite after the offering. Navisite will trade on the Nasdaq, with NAVI the expected symbol. CMGI was a happy camper, up 4, or 5%, to 84 1/8.

Greetings and salutations to

Agency.com

, which filed an IPO registration statement with the

SEC

earlier today.

Goldman Sachs

,

Salomon Smith Barney

and

Hambrecht & Quist

are all in on the deal. Like a cocktail party, Agency.com helps companies establish interactive relationship with customers and partners, only it uses the Internet instead of booze.

Get me rewrite!

Log On America

(LOAX)

said

Business Week

inaccurately reported investment negotiations with a major telecom. Log on was up 2 5/8, or 12.6%, to 23 11/16.

So what's up with

E*Trade

(EGRP)

and fiance

Telebanc

(TBFC)

? Stop checking the mail for an invitation to the nuptials. Somebody out there is speaking now and not holding their peace. Our own Caroline Humer has got the inside

scoop. E*Trade was up 5/16 to 24 7/16, while Telebanc was showing off the ring, up 7/16 to 23 1/8.

TheStreet.com E-Commerce Index

and

TheStreet.com E-Finance Index

are both up, as well.