All that means is that Bay Street has an ineffective PPT, if any at all. Trading in NY has been nothing more than comical since opening this morning. Only a crashing DOW would be realistic today. After all, a rising DOW on a day after a major well-esblished investment bank evaporates would indicate that such events are good for the economy, which is totally absurd. How about issuing new NY license plates with stamps exhibiting the following: Home of the PPT?

The important item to consider today is that gold and silver held support at $1000 and $20, respectively. Re-tests are sometimes beneficial for the maturing but still very young bull.

All the best - VHF