tape read

I'm having a tough time reading the tape... maybe because it's friday... maybe because it's bearish and I'm long....

I'd say real resistance is at 88.

but somebody has to buy it up to that level...

the laggards today are all healthcare and pharma.

Strength: Materials construction banks transports retail early recovery. hope.

UGh.... I can't take Kudlow.

other than that... I just... seems like short covering... Not that stimulus isn't important..

obviously this is all bank bailout and stimulus..

if it all passes... I did hear more positive news about mark to market...(Remember I'm agnostic about such things)... Though.... I can make both cases fairly honestly.... You can't mark things to non-Existent markets.... and because there is no Market for a rusty shovel or hammer doesn't mean it has no value, Try to dig a hole or hit a nail without them.