We were just up almost 300 pts in 3 days on a not so surprising good housing # and a nice earnings report from Citi. Yesterday we had GOOG with a huge surprise miss on top of a surprise horrible jobless claims. And the market is down a measly 8 pts. After hours misses by MSFT, AMD, MRVL, CMG... This morning we have misses by GE, MCD, BHI, FDMI, FNFG miss on revenue and guide lower HON, SLB ... And futures are pretty much flat. I would think that earnings season has been horrible so far but market is up with no signs of a meaningful pullback. But I have a feeling if Spain get a bailout this weekend we will gap up a couple of hundred points. Is this market a total joke or is it just me?