Rumor has it that Day666 went short financial and energy last night (you don't see him posting tonight do you?). So this rally has legs.
No follow through, financials down, treasuries advanced today - all deeply troubling. The fed has failed. The market has spoken. Look out below. We'll look back and yearn for 12k in a matter of weeks.
The FEDS balance sheet shows $883 billion in assets as of March 5th, 2008 How is it that you are not aware of this most basic fact?
Good job Bear Stearns. Good job JP Morgan. Good going Bernanke and Paulson. Kudos. Kudos. Original call 2/28/2008. "Get the Hell out."