The $3 trillion question

MANIFESTO

Is the VIX showing signs of a higher market? Here's one person who thinks it is.

Still,

The Federal Reserve no longer sees signs of recovery this year from a prolonged recession and only weak growth in 2010, minutes of a policy-setting meeting said.

Despite massive interventions by the Fed and other government bodies to jumpstart the moribund economy and unblock tight credit, policymakers at a March meeting viewed grimmer projections than those made two months earlier.

Perhaps a severe divergence between Wall Street and Main Street is pending.