On Monday, the equity markets rallied shapely with the S&P500 running up about 40 points by midday. After hitting the 2,800 it fell back 10 points to close the day up 30. Since share prices had some problems holding on to higher prices, we thought the rally was still part of the correction that had been working itself out after the October beat down. Said another way, we did not think that this news would spark the beginning of a new, lasting bull move.
