PRE MARKETS

Futures are trading up in the pre markets as the markets are way way oversold - not much news except for the AIG wait and more implosion in Asia.

Some fun VIX facts as the SPX almost touched its November 21 low yesterday - SPX hit 742 while 741 was the prior November low.

Check the VIX and its a completely different story- here are the highs on the VIX and the corresponding numbers on the SPX:

October 24 2008 VIX 89.53 SPX 853

November 20, 2008 VIX 81.48 SPX 748

November 21, 2008 VIX 80.73 SPX 741

February 23, 2009 VIX 53.16 SPX 742

So there is either a lot less fear at these same low levels or folks are waiting a bit longer to get buying puts.

Taleb on Bloomberg TV a good interview.

Kellner with 21 less gloomy things;

Some fun stuff on stocktwits.com- discussing Jim Rogers - gets in front of TV buy commodities- they tank- buy China - it tanks - short the dollar - it soars- just saying.