No Downside Risk?

Once again the support level held up even though we know the true test will come tomorrow.

I have no idea what the BLS will cook up for the jobs report tomorrow but I did read a number of opinions suggesting that no matter what the news is that we’re going to rally (read this article for example).

As we saw from trading today, investors are showing some confidence (or brash complacency) depending on your perspective. I suppose with bailout Bernanke and Paulson now on high alert and the economy already out of recession, there's no downside risk anymore. At least that's the vibe I'm getting from a number of people.

Tomorrow sure will be interesting. See you then!