Technical bounces off 200DMAs; Fed lifting constraints from next year's stress tests; Basel III implementation deadlines rumored to be extended; and now we get the 'compromise' chatter to ensure we do not plunge and close at the lows of the day/week/month/quarter during the President's first few days of re-election. We are sure the market will hear what the market needs to hear and a history of divisive political backstabbing will be thrown away in rounds of group-hugs and exchanges of ponies...