The Dow rallied last night due to the Fed cutting one of its rates, the discount rate for those who needed a bailout during this mortgage crisis.
It was good to see a lot of issues in green. But one thing stood out from the comments about last night, things were bullish not because things already turned around, but it was a lot of short covering that was happening.
It remains to be seen if they can sustain the rally for a few more days.
