Update on this week's market outlook

The big tell this week will be to watch the politicians on the Stimulus package as the markets will react to the politics and what's in the package. It must be bipartisan to enough of a degree to have a positive reaction on Wall Street. Watch for the fear level to rise. This is very necessary to get the politicians back on the same page on the stimulus plan.

UPDATE 12:30pm PST

3 Month Libor rates have risen from a low of 1.09% a few weeks ago to now at 1.23%. Maybe this is a signal that banks have started to lend and want to get something more for the trouble bank to bank.