SP 500 and NDX Futures Daily Charts - Bernanke in Twitterland

We start hitting the substance of the economic reports with GDP tomorrow and Non-Farm Payrolls on Friday.

The Twitter IPO looms over the market action as well as the real economy, and I have a sneaking hunch that the Street will support stocks until Twitter gets shoved out the door.

I am not in stocks here, but am fighting an urge to get something going on the short side, until the Twitter IPO comes out, and we get a better idea if they can keep this pig in makeup for the year end ramp at least.

This market is built on a foundation of meringue, supplied by those little elves at the Fed, who are pumping huge sums to Wall Street while Main Street languishes with little excess buying power and a floundering median wage.

While the Fed does not control fiscal policy, they have a huge amount of leverage as a primary bank regulator that they are not using well.

Have a pleasant evening.