Schizophrenic Market

Wow, after we got drubbed yesterday, the futures have bounced 15 points. I'm happy I went out flat yesterday because with my bearish slant I could have easily gotten sucked into the market on the short side.



Meanwhile, Dummyspots gets it right again. I couldn't agree more, Will.

UPDATE: The FED just set the futures on fire. They will use swap lines and auctions coordinated with the ECB to address liquidity issues.