Bulls and bears alike must all be losing their minds by this point. Just take one look at the /ES graph below for the past couple of weeks:
Add to this the impossible-to-follow anticipations of "cause and effect". If you were a bull, wouldn't you expect the knock-Obama-out-of-the-ring Massachusetts Senate victory to have an explosively positive effect on equities? Well, "buy the rumor, sell the news" strikes again.
