There are early indications of that in the talking heads' remarks, but people are by and large baffled. The spin over the next day or two is going to give us all whiplash.
It all gets curiouser and curiouser. The timing couldn't be worse. It overshadows everything else, including the good economic news. We also the the specter of Congressional hearings to confirm the new nominee. Abu Garib, Gitmo, NSA wire taps, etc.