Fireworks continue…

70 SPY points in 3.5 days, 500 Dow points, who woulda thunk it! I did think fireworks, but this is a bit excessive. After hours things are being goosed up yet again. Index levels are generally above those of last week and approaching those before the zero employment news hit. Is that a place for this mad bull to stop or at least pause?

Regarding past high-fliers, RIMM pulls a 20% drop after hours trying to rival Netflix this morning.  The people who own, buy and trade these momentum monsters on the way up generally do not come back when they are down. They usually would rather go chase something else up.  There is however no event that is too strange for this manic market environment- one that for moi is always fascinating to watch.

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