Bulls getting their Nerve Back

Today based on the Feds announcement we saw the first rally into the overvalue area above 1360 on the S&P.  The market got beat back into the first tier of undervalue 1335 to 1360 later in the day and could easily fade to the 1310 area, but the argument for a bounce that ultimately could move to the 1410 to 1460 sell area is being made.  The masters of bull, CNBC posted this today:  http://www.cnbc.com/id/22919626?__source=cnbc|email|fedeconomyu|01302008|