Investors are covering their shorts after Nasdaq gains and deep falls in previous sessions, but the top is heavy and the run looks short.

The birth is surely a bright piece of news, but it is unlikely to boost the economy, which as we all know is in a very weak state.

The market was looking for at least a crumb of bright news on earnings out of the U.S. and we got three.

The Nikkei 225 had shed more than half the gains it added in its previous rally, so it was a good time for investors to hunt for bargains.

European gains should take away some of the doomsday mentality, but investors will be jittery wondering how U.S. stocks will react. There's still much selling left undone.

When one door closes another one falls on top of you.