Markets: I posted the following on Kudlow's site just as Blogger broke down.

Market coming down: I seriously believe that psychology has as much to do with ups and downs as facts do. These gasoline prices are bumming everyone out. The clerks in the office don't know what they will do. Most don't know that unleaded gasoline has been dropping on the close for ten straight days and is now down more than 36 cents while retail prices have gone up seven cents in LA, with another penny rise at most stations today. People know they are being screwed and they don't feel good about it, and many mention the silence of all the Republicans. Then, don't forget that all these big moves are commission generators for the big firms, and I think jumping on and off bandwagons is a great way for them to make commissions and have an excuse. And even bigger: the MSM is now running stories about the impending bankruptcy of GM and Ford. Even a little dumpy paper like the Rock River Times is talking about it. Rock River Times? We're talking small town here. This kind of story has to affect the market. BTW, read the whole story because they've done one hell of a job. Rockford is in Illinois.