Closing Brief

US equities closed somewhat mixed, sp +12pts @ 1994. The Dow (greatly influenced by Visa), +1.3%. The two leaders - Trans/R2K, settled -0.9% and +0.8% respectively. Near term outlook is very borderline, equity bulls desperately need a monthly close at least in the sp'1960s.


sp'60min

Summary

Without question, today was the craziest day since the Wednesday of two weeks ago, when we floored at sp'1820....and with Fed official bullard alluding to QE3 not ending... and with QE4 viable.

Today's recycled news via the Nikkei news wires (Japanese Govt. to increase stocks as percentage of investment funds) has really caused some havoc to a great many bears.

I'd sure like to know who the hell re-issued that news story... and why. Keep in mind that it was 2am in Japan when the story appeared.
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*I remain short from early this morning, from sp'1981... clearly underwater, and wondering what Halloween has in store for all those in market land

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more later... on the VIX