PRE MARKETS JIG

All futures ripping higher this morning but for what its worth- ES just hit its head at about 830- which is near the high of March 26 at 833 on the SPX. Could be an area where lots of folks sell (double top) and reverse positions.

Most traders/investors expected a change to mark to market goosing the market and it just may be the classic sell the news -

RSI (2) level on the futs this morning:

ES 85

YM 85

NQ 87

TF (RUT) 85

Gold down about $15 at $914 and crude up $2.5 at almost $51;

Ken Lewis saying he regrets taking as much TARP money as he did - y- hindsight 20/20 I guess he doesn't remember when his stock was less than half the current price in early March.

Lets see - how much money did he waste on Countrywide - about $6b and he bought MER when it was almost worthless for about .9 BAC shares. Taking the TARP probably saved the firm at the time.

So why is Kenny still running the show at BAC when he should be sunning himself in retirement in light of all the capital he destroyed?