Link time

Doug Kass says it way better than I could...so http://www.thestreet.com/print/story/10604588.html

The SPUZ are trading up .25 and the snazdaq down 5.5.... RIMM has been trading well all day (higher that is) GOOG, AAPL and the last of the beta giants AMZN all down.
I guess the FDIC being out of money and Iran testing missles is bearish for the nazz and a non event for the SPUZ. So the FDIC has asked for cash from the banks, three years in advance to tide em over - this is basically just another taxpayer bailout since we pay the banks the FDIC fees as customers - FOX news is gonna go crazy tonight - there will be tea partys everywhere.
Oh well - if its wasnt 56 degrees outside Id assume the Wall Streeters were all in the Hamptons....

JB