The overriding story for the equity market Thursday was the exuberant reaction to Mr. Greenspan's latest musings,

The overriding story for the equity market Thursday was the exuberant reaction to Mr. Greenspan's latest musings.

We were spoiled by previous market conditions. It was very exuberant.

And if not for the gyrations in the equity market, it would have been a lot thinner.

The market had become grossly oversold by last Thursday, so that had to be worked out. And it looks like cold (at least seasonable readings) are going to continue, at least through next weekend.

The key is the stock market reaction.