Today's Top Stories?

From this evening's Yahoo! Finance Top Stories:

Stocks fall after Japan raises crisis level- AP
The Dow Jones industrial average lost more than 100 points Tuesday after Japan raised the severity of its nuclear crisis and Alcoa Inc. reported disappointing sales. A drop in oil prices pulled down energy stocks.

• Free ride to higher bank earnings could be ending- AP
• Spending cuts not expected to dent $1.5T deficit- AP
• iPads take a place next to crayons in kindergarten- AP
• Cisco plans to shut its Flip camcorder business- AP
• 5 NJ schools get grants from $100M Facebook gift- AP
• February trade deficit narrows to $45.8 billion- AP
• Oil price tumbles on supplies and Goldman pullback- AP
• Farmers, airlines exempt from derivatives rules- AP
• S&P could erase 2011 gains, retest 1,250- Breakout

My vote for the big story of the day is not mentioned.  In case you missed it elsewhere, the Federal Reserve announced the last QE II schedule of Treasury Bond purchases.  After another $80 billion is spent through mid May, QE II is essentially over.   I'm in the camp that says something has to replace QE II.  Not even PIMCO wants US Treasuries.  Without selling Treasury Bonds,  the government runs out of money and/or interest rates rise precipitously.  Maybe the stock market today was wondering where liquidity would come from after QE II.  The market wants to be fed.  Feed me!