Yesterday made little sense. There isn’t much sense to the markets on a day-to-day basis. Overall, outlook is still grim. Trying to predict what it’s going to do each day is good for sport, but not much else.
Unfortunately, Emperor Palpatine opened his mouth last night and woke everyone up.
Today the market is going to go all Thelma and Louise.
Bernanke gave it a quick, temporary boost. In his speech last ight, Community Organizer 44 offered no incentives to small business, big business or investors. It's going to be another down day.