Equity indexes rally ahead of key economic numbers. Investors see "win-win": (Wall Street Journal) If it’s good, it’s good — and if it’s bad, it’s good, because The Fed will backstop the market. (Editorial: Wait, does that make any damned sense? I may have considered buying stock in Pets.com back in the 90’s — but I’m wiser this time around.)
And yet Buffet says stocks are cheaper than bonds…(CNBC.com)
BOJ rate drop also aids stock markets (New York Times)
Cost estimate of TARP continues to fall.(Yahoo Finance)(Another major plus: We avoided Great Depression II Electric Boogaloo.)
N.J. Senator demands answers on foreclosure mistakes. Let the games begin… (Yahoo Finance)
Newspapers find new source of revenue: Weed. Now if only the kids could be convinced to roll with broadsheets. (New York Times)