The Markets

• After rising in early morning trade the banks are now giving some back.  They are still up modestly but the effects of the stress tests are not going to be so simple to diagnose.
• Market futures are strong, up 1 1/2%,  but await the jobs report.
• As impressed as I am with this rally I cannot shake the feeling that it shouldn’t be this easy.  Millions are without jobs, credit is still scarce, corporate earnings remain under pressure, foreign governments (I.E: England, France) have weakening managers, the Afghan front is heating up, oil looks like it is going over $60/barrel and interest rates are rising.
• I will continue to go with the flow but remain a nervous Nellie.

It is Friday!  Enjoy!