The Wall Street Journal is reporting that that during her first company meeting yesterday, new CEO Carol Bartz told employees,  her “gut” was telling her not to sell Yahoo’s search business to Microsoft.

Moreover, according to the same report, Yahoo directors don’t feel “there’s any pressure at all,” to get the Microsoft deal done soon.

Yahoo’s Shareholders “gut” feeling in reaction, has been to sell.

Yahoo shares are down almost 8% today, more than double that the percentage that Apple is down, on its news about Steve Jobs.

It was widely expected that Yahoo would tap a high tech CEO who would look to make a move with Yahoo.

Right now it looks like its more of the same.