The easing by the Fed along will yesterday's price action, some how probably connected, has sent the bulls into the jubilee dance. The market angst, best represented in the media by whiners such Bill Gross and Jim Cramer, is not so much about the tangled relationships of the sub-prime mess, but about easy money. The cloudy features of various new financial products which have grown during a generation of a predictable and constantly accommodating Fed will continue to be a market feature.
Close of over 1436 sept sp and 1883 sept nq will build on yesterday's action.
