Friday Rally Mode: On

The market rallying sharply today. And the reasons? 

1. Navy covered the spread last night (yeah!).
2. RIMM.  Crackberry high!
3. Core PCE up .2%.   That's the Fed's favorite indicator of inflation.
4. Strong consumer spending.

Those waiting for a recession are going to have to keep on waiting.

I have Memphis plus the points in tonight's New Orleans Bowl.