We lost almost 600K jobs today, and the market rallies in response (on top of yesterday's rally). The way I look at it, in current market conditions, the bigger the rally, the bigger the fall. If the SPX gains another 5% This Monday and Tuesday, watch out below. It will rubber band its way down hard. On a side note, I read an article on Bloomberg today. The author explained today's rally on top of the brutal jobless claim number was due to the fact that NOW the government is forced to pass a stimulus bill (and the market liked that), as if it wasn't a foregone conclusion since before Obama even took office. If the market went down today, the very same author would have told us the jobless claim has the market running for cover, there's blood in the streets. I swear Finance journalist will just pick a market mover out of their ass and run with it.