BULLETIN:  STOCKS OPEN HIGHER – AT 9:54 A.M. ET:  From Fox:

Wall Street staged a comeback on Tuesday morning following deep losses in the prior session as traders capitalized on beaten down stock prices and awaited the Federal Reserve's monetary policy statement slated for release later in the day.

As of 9:32 a.m. ET, the Dow Jones Industrial Average jumped 113 points, or 1%, to 10,922, the S&P 500 climbed 12.1 points, or 1.1%, to 1,132 and the Nasdaq Composite jumped 33.4 points, or 1.4%, points to 2,392.

COMMENT:  We caution that those are opening numbers.  It will be a long day.

August 9, 2011