You are right. Rallied to the 200 day in 1930, then didn't touch it again until the breakout in 1932.
The stimucrap bill passing was a forgone conclusion. No news here. What makes you think the market hasn't already priced it in?
While bank stocks are in the toilet, the Semis have shown strength. The Semi index closed Friday at its highest level relative to the S&P since Oct08. We're probably stuck in a trading range until the jobs numbers get better. That's a boring prediction i know -- but thats what the charts are telling me.
No. When the US sneezes the world does not automatically catch a cold. It hasn't been this way in years.