I think you are right. They may give him one last chance to instill the confidence that he has so far been unable to muster. That would mean a sideways/holding pattern today and then it'll be a touch-and-go or a fillings-rattling hard landing. Just the same, given what is going on abroad this AM, I will not be at all surprised if our markets get spooked, pending pep talk be d@mned. The inept 0ne and his even more inept team have put our country in a row boat without oars and set it adrift in the lake, and now they are trying to convince the people that they must push the shore to the boat if they "hope" to save it.
Today is a tag-team match: Bernanke’s testimony; the 0ne’s spiel. My gut tells me there will be a lot of barking and hawking before tomorrow dawns but scant few fools are going to buy what these two vendors bring to the bazaar.
Because my cardiologist warns me that I get too excited keeping track of the growth of moss in the terrarium I'll have tonight's “big talk” on the idiot box for its numbing effect, while listening to the reaction from across the pond on shortwave, and watching the Nikkei on the Net.