Stocks rally! Um, on what exactly, again? On a day like today, if you’re not buying with both fists, there’s nothing to do but stand back and watch. Otherwise, you’re getting caught in a trap that’s sprung the Dow 400 point in two sessions, vaulted it back over the 13000 mark, and put the bulls firmly in the driver’s seat. What’s most amazing about this rally is this: it’s come on absolutely nothing but jawboning from European officials. From Mario Draghi’s pledge to do “whatever it takes” to Merkel and Hollande pledging to do “whatever it takes,” you have a big rally built on nothing more than vague promises and hat ... (full story)