PRE BEN

Markets moved higher this morning after my early post on the heels of good news on the LEH conf call. GS up 4+, LEH 2+, MS 2+, so the brokers are moving up on the good news along with all the major banks BAC +.6%, C +1.2%, JPM +1% and wfc +.8%.

Aside from brokers and banks, strong sectors include gaming, retail, semis, tech, real estate and biotech while metals, airlines, internets and drugs lag.

NYSE internals +1240/ NAZ internals +500;

OEX- 84 WINNERS- LEH MS COF GS WY CAT AXP ROK CBS DIS; LOSERS- BA AMGN MSFT CSC FDX CI CMCSA;

NDX -75 WINNERS- WFMI MICC NVDA APOL VRSN ROST ISRG VMED BRCM BIIB- LOSERS- UAUA BEAS TLAB XMSR FLEX MNST YHOO CMCSA PTEN;

IBD 100- 70 WINNERS- NILE BBL ARGN BIDU BHP NVDA FTK TKC LAYN TLVT;

VIX down 5.6%;

Up Volume 3x Down Volume on the NYSE;

Notable action- CFC FLAT, GE+1.35%, LVS +3%, CMI +3.2%, CNQ HOC +2%, UA +2%, WFMI +4%,

Get ready for some fireworks as Big Ben hits the wires and no matter what he says/does the markets will be all over the map. Probably a time to buy the dip and sell the blip as volatility will no doubt be the real winner.