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.
“All governments suffer a recurring problem: power attracts pathological personalities. It is not that power corrupts but that it is magnetic to the corruptible. Such people have a tendency to become drunk on violence, a condition to which they are quickly addicted."
Frank Herbert, Chapterhouse Dune, March 1985