False Rally

I am not sure, but I really think today's market action was merely a short covering rally.

Don't be fooled. Nothing has fundamentally changed. Do not forget what caused this downturn...excessive debt. (Debt driven growth.) There is only one way out, and governments don't see it. Keynesian economics is taking its last breath, but its death is inevitable.

http://www.cnbc.com/id/37610064

My puts are unchanged...telling me the big boys are not getting rid of their protection on the downside, but just taking short term profits on short positions.

Also, Goldman is down.

Citi was up 22 cents on the open...now up only 4 cents.

Not a convincing rally, at all.