11am update - something smells nasty

So...Mr Draghi upsets the market...the Euro falls hard, the sp' swings lower by 20pts....and we open with the VIX..red. It was a severely bizarre open for the VIX, and now we've seen a pretty hard reversal, many stocks are already green.

I'm not one to say it often, but this sure smells of the infamous PPT doing their meddling. I could theorise they wanted to make it look like Draghi did not collapse the markets. How they managed to open the VIX flat/marginal red though, right from the open, I can't fathom.


sp'60min

vix'60min

Summary

We'll probably never know for sure if there are covert teams out there with unlimited balances to 'kill any decline'..at will. Yet, considering everything...its looking like 'they' might have been out there this morning.

Even the factory orders data sucked, and we still rallied back up.

A truly crazy market to be part of.

Stay tuned.