Look at the advancing/declining line in this rally-- they have been often referred to during the selloff as an indicator of a sick market. Now we are at 2:1 advancers over decliners today. And past rallies have been similiar. Despite the gloom and doom, especially news that hit yesterday considering the flight to quality (90 day t-bills) probably by money market managers, things are looking pretty good, at least for a nice move. Interestingly, anyone notice the lack of correlation between usdjpy and equities today?? First day I've seen it like this in weeks. Is the deleveraging over?