Learned something on CNBC this morning.  The quote was "As you've seen, the open is not necessarily what the close is".  OK, I think I understand what she was getting at (i.e. 80+ futures at the open doesn't mean that we're going to even close positive for the day), but that was funny.

We now have a consistent way to explain each up and down day.  The declining dollar.  If the market is down significantly, it's because of the declining dollar, of course.  If the market is up significantly (as it appears it will be this morning), it's because of the declining dollar.  Let me explain how.  The declining dollar means our currency is less competitive, which is bad for America.  The declining dollar means that our goods are more competitively priced to the global economy which is good for America.  If you want evidence of the latter, just look at how wonderful the Japanese economy has been doing over the last 20 years.  This is what a devalued currency does for you long term.