Panic is Gone

So did you expect a gap down after a beatdown Friday?  It is a pattern that is as old as the hills.  A panic Friday with a weak close followed by a big gap up on Monday.  It is too pat for the market to just ignore what happened on Friday and grind right back up to new highs by the end of the week.  The market will likely do some work at these lower levels before going back up.  But I am not going to bet against Bernank.