HANGOVER

Just as the market is ready to move up, another "failed missile testing" crisis. You can't hear anything on CNBC other than the Crisis. What crisis? The missile failed! Shouldn't the market celebrate? That's how nervous the market is.

Futures are all red, Asian markets are mostly down, and there's really no good news at all, and a lot of traders are probably in hang-over from last night's party. It's hard to imagine how could the market move up.