If the markets are up big today, it will set up a monster short down the road. This market is totally different from the one in August and November. The price action is much weaker, and the potential catalysts are much more limited. The rate cut as catalyst for a long rally has already been used up, and is no longer going to suck in dumb longs for the ride to 1550 on the S&P. The Fed cutting rates 50 bp intermeeting or on January 30 will be the last gasp of the bulls for a while. The consumer was the final straw and the retail stocks show that the consumer is on its final legs. Consumer weakness is going to drip down into tech and rip this market apart in February.