What a farce this market is. Today, nothing but bad news all over the globe, yet it gaps up 1.5%. If the financial media is to be believed, it's the hope of MOAR QE from Japan and the ECB, even though it clearly hasn't worked in Japan, or anywhere really. And ultimately of course, the hope of MOAR from the Fed. I wonder, what if the global economic news for the last 24 hours was merely OK or slightly bad, would the market have gapped down 1%? Who decides when bad news is bad enough to be great news? Do the Central Bankers have a private message board where they give each other the nod to buy each others markets, via market moving futures? We already know Japan was more active with their stock buys on days when their market dared to open lower, and the Swiss CB has been loading up on AAPL and others.

So, guess tomorrow's AM move? +1%? -1%? Place your bets and spin the wheel. Unless you're on that private message board, in which case you already know.