Today's 60min cycle on the indexes had been rolling over since about 1pm. That all abruptly flipped at 3pm, due to a press release from none other than the meddling Morgue'.
JPMs news about raising the dividend, along with a major stock buy back has nailed the remaining bears..again. Truly incredible, and real nice timing of them huh?
*doubtless a lot of the regular web/blog posting bears will be going on 'radio silent' this evening, and possibly for some days ahead.
I won't be one of them. More later.