Headlines + Wall Street = Bizarro World

This mornings headlines:


Fannie, Freddie Stocks and Bonds Plummet- AP
Bernanke: Empower Financial Regulators- AP
US Foreclosure Filings Surge 53 Percent in June- AP
Jobless Claims Dip but Labor Market Still Weak- AP
Oil Rises on US Stock Report, Middle East Tension- AP Retailers Post Mixed June Sales Results- AP

Dow +46
Nasdaq +17
S&P +4.4

Surely this must be the bottom....

or detachment from reality?