Stock market surges on "Dudley Bounce"

``But William Dudley, president of the New York Federal Reserve Bank, said Wednesday that the case for a U.S. interest rate hike in September is "less compelling" given China's troubles, weak oil prices and emerging market weakness.'' -- Yet, the Dow is still down 1000 points from the pre-fall levels of August 18th. So they're probably gonna need a bigger bazooka...