The Day After the Big Game

• The market swooned on the day after the Saints beat the Colts.  Getting the blame?  Continued worries about Euro debt and rising US interest rates.  Concerns that Greece's debt woes may spread to other nations mingled with the prospect that the Federal Reserve in the U.S. may soon begin tightening the spigot that helped fuel the markets' massive rebound. Traders cited a report in The Wall Street Journal on Monday that Fed Chairman Ben Bernanke is preparing a plan that the central bank will follow once the economy shows more signs of recovery.
• Wait – they’re preparing a plan?  Now, that is scary.  It’s definitely a change of course from their usual  reacting to the news.
• I had a blog entry all thought out, with my next guess of what the Market Gods have in store.  I was thinking that we’re likely to see a low-volume meander higher, maybe closing in on previous highs, followed by a dramatic drop that would result in a successful retest of the lows and launching the markets on to new highs.  Today may have thwarted that.  It seems like the market wants to go lower for now.
• More garbage coming in on global warming.  At least we didn’t pass that cap and trade stuff. 
• I followed the Sarah Palin weekend news from a distance. I don’t think she should try to run for President.  Maybe her best career path is as a pundit.  Reading about the “notes on the hand,” but who really cares? Our President meanders from teleprompter to teleprompter, and Lord help him if there is no teleprompter.  What are we looking for, motivational speakers or strong leaders?
• Monday night season finale for Heroes.  Lame plot line, but I’m watching anyways.