Monday, August 8, 2011

Whoa Nellie!

9:10 pm (Hawaii) Been ignoring futures for most of the night, but now Dow Jones futures are +122 (+1.1%), Nas futures are +25.25 (+1.2%) and S&P 500 futures are +15.55 (+1.4%). Just a couple of hours ago, futures were down by about 200 points.

Europe is positive across the board. Rumor is spreading that the Fed will announce a big QE move tomorrow (Tuesday). If that's the case, I'd be glad about refraining from jumping into FAZ before the closing bell today.

More war rooming required.

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