NOW THE USUAL

Markets open higher yet again on the heels of more "treasury to the rescue" money for asset backed securities and credit cards. The flys this morning include the RUT and the NAZ both lagging.

Strong sectors include homies, financials, brokers and telecom while tech, real estate, semis and metals lag.

NYSE- 1200 net winners;

NAZ- 250 net winners;

NDX- 45 GREEN;

OEX- 75 GREEN;

VIX-flattish near 63;

Up volume 4X the down;

Don't see a big up day today as big resistane sitting at 875 on SPX and it was already tested once on the ES and quickly failed. Note also the SMA 20 just over head.

Fun links:

Happy Roubini;

Long China;

Less Standard More Poor;