Happy Leap Year

Dell eps weren’t spectacular and AIG reported a $5 billion loss to set the tone. The S&P is down 13 points, oil is around $102, gold is ripping again and the dollar continues to get pounded here. If the market can rally today through all this I would be impressed and it would lead me to believe that we are near a bottom. However I don’t think that is how it will play out. Some more pain ahead folks.