THE CLOSE

A pretty crummy day not to have a feel for the direction - ugh- anyhow - the DJIA /SPX both climbed over 10% while the RUT/NAZ lagged.

Fascinating stuff from the sectors also as EEM +21%, Real Estate +18%, Energy +14% and metals +14%;

NYSE- 1875 net winners;

NAZ- 1160 net winners;

NDX- 95 GREEN;

OEX- 99 GREEN;

VIX- down 17% at/near 67;

Yesterday morning the SPX futures were trading at 825 and have now flown to 940 or about 14% in 36 hours- not to bad for the bulls-

No one saw all those forced liquidators today and most will be on the look out for them tomorrow- I hate to be the bottom caller but common sense says - the lows are probably in at SPX 840 as the markets got many opportunities to take it out.