Market Summary: Tuesday, May 26, 2009

• Bill Ackman talks about his Target proxy fight and being an activist investor…FANTASTIC, Video 1, Video 2

• Home prices continue to fall.  Take it with a grain of salt because this data is from March so it’s a little backward-looking.

• Not everyone is happy with Obama’s appointment to the Supreme Court.

• Consumer confidence soars and sparks a huge rally on Wall Street.

• Kim Jong-Il keeps trying to scare the you know what out of everyone.

• GM and Chrysler update; GM bondholders reject offer.

• Facebook valued at $10 billion.