Unclear – this is the message to take with you going into the second quarter. The shock of Bear Stearns disappearance into JP Morgan Chase is gone (unless you worked for Bear) and all eyes are now on Lehman and Oppenheimer. Foreign exchange is mixed in very choppy trading and anything except intraday jabbing could prove dangerous to your health. The dollar should remain under pressure, but it’s already so weak that its decline is not so easy to melt further.