I was shocked to find the Nasdaq futes higher when I woke up in the morning and am even more shocked that they managed to recover after the morning rollover. The news out of WMT is a fundemental bad but even worse here is the destruction in the bond market. With names like TASR (TASER), GOOG (Google) and the semis leading the strength I worry that this buying is retail interest setting itself up for some punishment by macro forces.
In case you missed it there was a run on the banks in the Ukraine as the result of their election turmoil. When really bad things are happening people tend to lump events together so the phrase "run on the banks" outside of historical reference should never go unnoticed. Are those Ohio vote counts done yet?
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