Reuters reports that it will be four weeks or more before the Treasury begins the reverse auction process to begin buying bad bank debt. Earlier today someone called this a “microwave market”, meaning it wants everything to be ready in a matter of minutes. Unfortunately things take time. Stocks have fallen back below break-even, Shedding 300 points from its highs. EUR/USD is back to 1.3840 after triggering stops above 1.3900.