- There was a day, there was a time, where a bad reaction to an Intel and/or Yahoo would've been Armageddon Day on the stock market. Although we feigned that way for awhile, the market jigged back up to close well off the lows.
- Ben Bernanke also stepped out of the gate with some bizarre comment about how inflation is moderating and should head down; however, he was still worried about inflation. Kind of a "Does the federal funds rate make my butt look fat?" comment. I'm not sure there's a right response to the comment.
- Afterhours, earnings look okay today. So we'll see what the reaction is tomorrow. It's also options week, so you never know what kind of things are happening to prices. You know all about the rumors of option pinning and the like. For more, be sure to check out everything Adam Warner has to say. He's all over expiration week like Beckham on nutmeg.
- The Democrats had a pajama party last night in an attempt to... uh, I'm not sure. Something about ending the Iraq war vs. a Republican filibuster or some such noise. Maybe it was to just dress up in pajamas. I think everyone is focused on November 2008 at this point. Everything is posturing and for show.
- Financial Sense wonders if Bin Laden is already dead? Didn't the latest clip from him look dated? I could've sworn Osama was wearing a Members Only jacket and carrying a Sony Walkman.
