The Vix says the same thing. Stock indexes makeing new lows, Vis not making higher highs. http://www.bloomberg.com/apps/news?pid=20601087&sid=aTjWQbjpkpxk&refer=home
"Very bullish"? Lol, I could go with "not panicky yet". But if the masses were bullish there might actually be a bid for stocks not everyone looking for some limp rally to sell
the early morning gap up, and collapse mid-day ruined the bounce IMO. Too much unknown, too much scared money, oil comes down 2-3% and the market falls...
FRE And Fannie are getting slaughtered. Two trillion in liabilities between both of them. These are the real too big to fail. It's only matter of time before PPT (Fed) is called into action and calm the markets. I give it 3pm. PPT Cometh!