AFTERNOON BOUNCE

Markets continue to move around and are now near the highs of the day- with the DJIA +275, NAZ +33 and SPX +23.

Strong sectors include - emerging markets, telecom, energy, metals and ags while shipping, homies, biotech and brokers lag.

NYSE- 640 net winners;

NAZ- flat internals;

NDX- 80 GREEN;

OEX- 90 GREEN;

DJIA- 28 GREEN;

VIX- 75 and down 7%;

Really don't have a good feel for how this afternoon plays out as the money call has been to fade the market into the final 60 minutes - no idea if that works today -

BESPOKE- with some interesting stuff on recent market action;

PEW probably an outlier;

The latest from Minnesota 6th Congressional;