We know one person for sure had a good day today: Jim Cramer. Guy gets an email from Tim Cook of Apple, providing mid-quarter update... privately... to a guy who manages money and has friends who do same, and that mid-quarter update later gets read on CNBC, no doubt after Cramer and co have bought calls. WTH was Cook thinking? This has to be an obvious Reg FD failure, even for the clueless SEC.

I waited 10 minutes after the open to give the panic sellers a little time to dump, then I saw CIEN was just under $19, down about 13%. Wow. I bought a bunch of that and sold it later in the day for a near 10% gain, and I'll keep an eye on it for future weakness.

So, QE4 before rate hike? I know some of us semi-joked about this in the past, and now it looks more likely imo. I've long said too that the rate hike would be six months from "now", where now is always the current month.