We are not likely to get a repeat of yesterday's market activity for a while, although a drop of that magnitude is possible at some point.
Now we shift to a different mode. The recession is technically over. The economy is propped up on stimulus money. Corporations are showing better reports, some of this occurs because companies have laid off millions of workers in cost cutting maneuvers. The punchline now revolves around the ability of the economy to continue to modestly grow. So its onto the fourth quarter even while companies are still reporting on the third.
Reuters: Futures dip after best day in 3 months
"...now the focus is shifting to some kind of sustainable economic growth."CNN: Stocks set to step back
Investors will take in a wave of economic reports on Friday, including readings on personal income and spending, consumer sentiment and manufacturing.
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