PRE MARKETS

Futures a way down this morning (way off the lows) on the heels of the GM/Waggoner news and why shouldn't the gov fire Rick- he has a crummy record and apparently approved a crummy plan-

NQ futures down 22;

ES futures down 18;

YM futures down 165;

Levels to watch - the 800/805 area on the SPX as it may be a level where buyers return as that was old resistance and has now probably become short term support. Also the SPX 50 SMA at/near 792- should be next level of support if 800 area doesn't hold.

Mark Cuban with a twitter money maker;

Is this why C JPM has a good couple of months;

And is NEWSER the future of NEWS?;