Well, it's unusual for me to wait so long to put a post together, but I've been digesting and processing the antics from yesterday. I have a few general thoughts:
+ The bear market that should be in full-force, cleansing the system, is being held hostage;
+ As long as it is held hostage, rises will be grinding and excruciating, and drops will be extraordinarily fast and largely unpredictable (in other words, if you aren't in place with your positions, you're not going to profit much);
+ The market seems transfixed that Autumn 2011 will simply be a sequel of Autumn 2010, thanks to Bernanke. That is, the kick-off to a substantial, sustained rally.