MORNING HEADS

Markets soaring on the heels of bullish words out of Buffet on US stocks and Bove on LEH - and expecting a $20 bid over the weekend.

DJIA +175, NAZ +29 and SPX +14.

Strong sectors include financials, retail, telecom and real estate while metals, oils and steel lag.

NYSE- 1465 net winners;

NAZ- 1150 net winners;

NDX -90 GREEN;

OEX-80 GREEN;

DJIA- 28 GREEN led by JPM BAC C AXP GM VZ T BA CAT UTX - losers include AA JNJ;

VIX- sinking 6% at near 18.7 and careful out there as we are at/near recent low territory on vol indexes;

SPX surging on the talking heads and also be careful as we approach the recent highs near the 1310 level on the SPX- I guess all is swell again in banks/broker group-