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I'll even buy the crow that I'll eat if there is a rally tomorrow. The conditions that are causing the emotional bear are continuing unabated (Citigroup has been found to be the moneybags to Enron, and HPL Technologies has admitted to the Cooked Book Disease).

Perhaps, but if you're the Dems, you CANNOT like seeing Bob Rubin personified as "Mr. Moneybags" for Enron and Worldcom. This is going to take a lot of the sting out of their "attack Big Business" strategy. Because the GOP will be able to point to Rubin, and say the pot is calling the kettle black.

The other thing is this, the rest of the economy is doing pretty well. That's going to arrest the bear trend to an extent. It's going to be wild, and 401(k)s and stuff will take a hit over the short term, but the Dems have lost a lot of the high ground they thought they had.

But didn't we sage FReepers know about Rubin and Citigroups' woes related to Enron some months back?

I of course would gleefully like to see Rubin's head on a pike. If the Citigroup stuff was all over Bloomberg et al today then I would guess that effect on the market was already happening before the "rumour became fact" if you know what I mean.

I'm only standing on my experience that since the sky didn't fall today even though it was cloudy, that maybe the bargain hunters will move tommorow. The wily pros will of course wait till about an hour after the opening bell rings to catch the newbies sleeping. I never traded at the getgo(and I'm not wily..lol) except with IPOs. The spikes today show that there are still buyers in this market. Volume was about like Friday's wasn't it? I would like to see a number of days of high volume and some recovery but if I see the opposite then I know we are indeed headed for a vastly oversold market. Mass emotion is hard to peg. Another flurry of bad news and she will dip hard to be sure. I guess the 3M report was about the best news today. I don't think Worldcom mattered ...everyone knew that was coming.

We'll see. I simply can't see a prolonged DJ below these levels in this economy lasting very long unless another 9-11 happens or we find out on 8-14 that hundreds of CFOs are playing 3 card monte with the books hoping future quarters will bury their shenanigans.

Note that all 3 indices even though down, closed above their bottoms today. That is better than days which close at the bottom.