Down Dow

The DOW closed down 186 and the S&P went down by almost 20.

That's a pretty big chunk to sink in a day.

Allegedly it has to do with the stream of first quarter earnings reports that are about to surface. They are going to be awful, we all know that. Maybe there will be a few light spots but otherwise, nada.

Just as an aside, they have this quick opinion polls over at the CNN website. The question today was, and I paraphrase, "will the recession ease by the summer." I naturally checked "no" and then saw the results. I was truly surprised to see it 51% no, 49% yes. Now that is optimism.