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The 650 arrests was as of 9-11-2011 and may I point out, it is no more than avg attrition on a global basis, as that is that the 650 represented. this is nothing!

 The global banking giant HSBC is a “criminal” operation, charges a
former officer for the company’s southern New York region in a video
interview with WND.

http://www.wnd.com

May 10Speech–Chairman Ben S. BernankeBanks and Bank Lending: The State of PlayAt the 48th Annual Conference on Bank Structure and Competition, Chicago, Illinois
9:30 a.m. ET Bernake speak there tommorow morning!

Ok gang, as I said yesterday… I was most likely wrong on the direction of the market this coming Thursday, as I previously believed it would be a big down day because it’s another “eleven” day.  Now it’s obvious that it’s most likely going to be an up day.

The market got too oversold too quickly, and needs a multi-day rally now to work off those oversold conditions.  So, it’s looking like the low could possibly be in today and we are ready to rally into next week.  Possibly something Bernanke says tomorrow will give the bulls hope again.  They always need a reason, but we all know that’s it’s all in the charts.