Dow soars

Dow soars on encouragement that the FED will continue lowering interest rates. The 2 day rally of almost 600 points recovers over 40% of the recent decline from its high above 14K. That's some kind of rally. Asian markets were weak last night, but the European ones had strong gains. Can you spell "volatility?" The long treasury declined a little to a rate of 4.03%, not really a major flight away from safety. Housing reported it's still weak. Banking problems continue. We'll see what tomorrow brings in a market that is clearly "overbought."