Editors Note:

The market is either crashing lower or exploding higher. There appears to be no in between. After the Dow gained +440 on Friday and the S&P futures are up +9 on Sunday evening, it appears we are going to have another explosive open. I did not back up the truck and load up a bounch of positions on the dip because I did not want to catch a lot of falling knives. The immediate rebound inflated premiums again just as quickly. Will we ever return to a normal market?

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