MORNING STRETCH

Looking at the technicals of this market (who cares) note the SPX close yesterday under 850 which gives us a whopping 25% between the here and now and the SMA 50- not sure how many times that has happened - not sure how much it matters.

Anyhow, all the major markets futures indexes are trading way up this morning (4%+), on the heels of spiking foreign markets, so part of the oversold condition will be alleviated at the open.

Morning Links:

Laffer on "The Age of Prosperity is Over".

Robinson on the Bankrupt campaign.

Buchanan on "Obamaland".

Hitchens and the "War on Science".

Another 52/45 poll.

Finally, the endorsement from Hell.