MIDDAY MOVES

Markets at/near the highs led by emerging markets, banks, telecom, large value, financials and oils while metals, gaming and real estate lags.





NYSE- 1500 net winners;


NAZ- 900 net winners;


NDX- 85 GREEN;


OEX- 90 GREEN;





VIX- flat at 35 despite the 250 point gain on the DJIA;





Up volume 3X the down;





Markets doing very well as most expect the deal to be announced shortly. Santelli with an excellent observation on the SPX Futures - which are now trading at a 4 point premium to the cash index. Rick says the reason for this is that traders expect the market to rocket higher on the announcement.


Hope so as I have added to my longs QLD AAPL UYG.



Also, note the new Intrade betting odds- deal gets done by Sept 30- 85%- McCain wins election 42% and Obama wins almost 60%; finally Yankees win World Series 0%;