The Federal Reserve released a significant piece of news today.  It would appear that the federal government of the US is going to allow for any amount of monies to be lent to the two largest mortgage backers.  The Bulls will see this as the ultimate backstop from which to rebuild the flailing finance industry, and the Bears will see this as the last part of the prophecy that will destroy the US dollar, and ultimately the financial system.

I'm going to be staying out of the market for the first hour after opening to avoid the craziness.  If some trend form in the first few hours, I'll get my feet wet but will not be commiting much capital.

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