Bob Pisani nailed it today "I'm agnostic about whether to buy or sell today... but I'm not selling"...
Neverthelesss, the World entered a bear market today...
- *MSCI'S ALL-COUNTRY WORLD INDEX EXTENDS DROP TO 20% FROM RECORD
It would appear the business cycle trumps central planning after all:
Then a huge Short-Squeeze ramped us higher in the afternoon...
Which was briefly stymied by a denial from China - *CHINA OFFICIAL VOWS NO MASSIVE STIMULUS TO SUPPORT GROWTH: WSJ until USDJPY took over control and ramped US equities massively higher...
Some context: Dow futures fell 820 points in 26 hours then suddenly soared 450 points in 3 hours
As The S&P bounced off 2014's Ebola Lows...
A reminder from August 2015 -Losses have been cut in half after the opening collapse as a mysterious buyer in massive size lifts The Dow 600 points off its lows, cutting losses in half for now...
VIX hit 32 before beiong slammed to drive the S&P back above August's closing lows... but that failed...
This left Small Caps green but everything else ended back in the red...
Futures show the real volatility this week - today's ramp in Nasdaq goit us back to green for the week....
Investors flight-to-safety'd into GPRO, FIT, and TWTR
Treasury yields bounced as stocks did but nothing like the level of idiocy...
The USD Index rallied as stocks soared in the afternoon as JPY was slammed...
Commodities were crazy...
Here's oil for the week...
Charts: Bloomberg