Everything is OK now, Bernanke (the market's bitch) shaved the interest rate, saved BSC ( or scalped BSC investors) and now the market is in a full rally mode.... Yeah Right
After the massive injections of liquidity and the easing of the cost of money expect Inflation like we have not seen in the last 20 years.
The vix is somewhat depressed so this rally should have legs for a week and then the market should go lower. Good thing that the Fed did not cut by a point so they have a little leeway ( a surprise .25 cut in April perhaps...) It could be worse right, like the gop's boy Geithner running the fed....