Dow soars on all the new information the market has had since it tanked yesterday.
I was noticing yesterday how much the rhetoric of CNBC babblers was similar to Iraq war supporters, and whiny frightened conservatives generally. There was a complete detachment from anything real, and a complete focus on rhetoric. The problem with Bernanke's "too small" rate cut was that he failed to assure them that he was a leader with resolve. He needed to be a big daddy who gave them confidence. It was all about theater and rhetoric, and nothing about the actual economy. Was truly weird.
