Here are the headlines taken from Yahoo today:

Wall Street began the second quarter with a big rally Tuesday as investors rushed back into stocks amid optimism that the worst of the credit crisis has passed and that the economy is faring better than expected.

• Celent: 200,000 US Banking Jobs at Risk- AP
• Manufacturing, Construction Weaken- AP
• Ford, Toyota US Sales Down in March- AP
• Congress Has Big Questions for Big Oil- AP
• UBS Will Write Down $19 Billion- AP
• Wall Street Castles Made of Sand

Let me see, 200,000 banking jobs may be lost, Manufacturing down, Car sales down, 19 Billion write offs in financials.  Ya this would certanly explain why markets are up 3% today.

Are they all morons on wall street?

Later