I’m a bit behind this morning and I see the that the S&P is up about 13 points. Evidently Bernanke is speaking about the banks and they are rallying. Banks are higher in Europe and it looks like Pandit is reporting that C has been profitable for the past two months. The market is looking for something, anything to ignite a rally, lets see if this one can grow roots. According to Reuters, the SEC is not planning the cancellation of mark to market accounting rules. Today should be interesting.
Congrats to the arbs in the DOW/ROH deal, it’s nice to see a deal finally get done.