Anyone know why futures shot up so high today?

I haven't seen any news that would warrant the huge spike in ER2, ES, NQ and YM this morning. Anyone know what is going on?

 

European indexes were up. ES/YM etc. went up in sync.

 

Maybe it was some new French trader's first day on the job?

*ducks*

 

Europe: FTSE +2.75%, DAX +1.98%, CAC +1.89%
Media is ascribing it to Qatar's bank investment and Northern Rock's bailout.

 

Thats clear. Do you remember what happened last time when US was closet (excuse me but during past month this word fits better what is happening by you there especially looking on dollar, yes, closet , thats corect ).

So now it is opposite - to show that not only the Wall street is leading business world in the blue sky

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeauzhw1rBTw&refer=home

plus


Barclays and Lloyds, which are seeking to quell concern about financial institutions, are expected to report ``robust'' results, the newspaper said. Barclays will lift its dividend by 10 percent on Feb. 19, the Times reported, without saying where it got the information.

 

More buyers than sellers today, technically it was a buyers market, from 240 down to 5 min chart.

 

Not sure if AIG also helping futures because of Barron's article.

http://seekingalpha.com/article/649...e-shares-have-50-upside-barron-s?source=yahoo

 

I am thinking of buying XLF on open. We might have a good run for a couple of days. It will probably gap up so we'll see..