The S&P 500 index just touched 1427.83 (up 1.75%) - surpassing the recent highs and back to the local swing highs of 5/19/08 (1440.24 highs that day)... that is all. VIX is down 1.5 vols at 16.25%

be a little wary though as we just saw some bigger blocks come through as we crossed the highs...