There is more talk of the Facebook IPO coming out this week, perhaps on Wednesday.
If this is the case the Street will prop this market up to get that IPO priced and out the door, barring any unforeseen events from Europe.
“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead