Rosenberg Daily Soundbites

• It’s a quiet start to the day; gasoline futures are tumbling at their fastest rate in a year
• Reality checks: Things are definitely getting exciting, as they usually do at turning points in the cycle — it looks like QE2 bought us six months of reprieve, and that’s about it
• Bull run … in bonds
• An oversold bounce? After the sustained though moderate declines in recent weeks, it is encouraging to see some of the froth come out of the equity sentiment indices