Why is this is a surprise? The bull market which began on october 2002 technically hasn't ended. The sp00z didnt close below 1252.
You have just witness another sucessful save by the federal plunge protection team.... These guys are good.....
Funny part is that S&P report said they think we're "halfway through" the mess. News headlines just chose to report the good parts though.
You're smokin' crack, that was a bounce off of the 3/11 double bottom and the 3/7 low... PPT my arse, it's traders like you and me stopping out overnight shorts (myself being one of those shorts... aargh). PPT = imaginary spaghetti monster that stops you out of a "working" position...