Alaska Gov. Sarah Palin shocked the political word Friday by announcing that she will step down at the end of the month and transfer power to Lt. Gov. Sean Parnell.

Palin made the announcement from her home in Wasilla, flanked by her husband, Todd, and family and state commissioners.

Could she be setting up a presidental run? Last week she  signed the letter needed to set up Sara Pac the first step usualy taken by thouse getting ready for a Presidental run.  

More to come later