TheMarkets

• If this were not a shortened work week I would pronounce a very important day.   They sold them off at 2pm then rallied big time at three.  That the bulls came back with such relative ferocity was impressive.  Difficult to believe investors feel this is a new bull market but some would conclude that.  Too much of a stretch for me.
• Anyhoo, it was impressive.  Especially with the sell-off related to the release of the Fed minutes.
• Tomorrow probably not much more than chop.
• The VIX, about which I wrote yesterday, was down a bit.  Healthy.
• Oil did a turn around at mid-day, higher.

Let’s take the day and celebrate.  We have green!  Family with us now for the school break so we are off to the beach to see if there are surfable waves.  And, there might just be a cocktail hour tonight. Make it a great Wednesday!