I’m not a market historian and I don’t know if capitulation is all that necessary first before we reverse higher. I’ll just continue to trade what I see here, as usual. Ritholtz has a nice opinion though on the Merrill fire sale. Today should be a digestion day and we will probably see some sideways action. Watch for the analysts and their predictable brilliant wisdom to start upgrading the banks. If you can’t trust John Thain who can you trust? Politicians look like alter boys compared to these guys.