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In this environment, it's either a middle of the night low or a first 15 minutes low...Blink in that first 20 minutes and you probably missed it...You're right, it's a bag of tricks market. Pump the VIX up a bit, then unwind it to add another 50-80 SPX points.

Your quote machine is broken...We haven't hit 2847 yet.

Every time (during these multi-week bull legs), you get one of those ultra sharp, scary plunges (especially between 5-7am (ET)), it turns into more fuel for the parabola. Last weekend's "scare factor" of a government shutdown, coupled with an elevated VIX is another recipe for a sharp leg...

2017 was the straight line. 1986 (off the top of my head) into Aug 1987 was a relentless bull. 1998 collapsed into the fall (Long Term Capital Management) before Greenspan set off the first in this series of echo bubbles. 1999-00 had "all sorts of crazy" going for it before some form of...