With all my nebbish-like hand-wringing of this morning’s post, in which I worried that the bears were so terribly at risk, I guess it makes sense that the bulls got piano wires wrapped around their throats. We went into an immediate dive following the opening bell, with the blowout earnings from banks having a positive effect on financial stocks as long-lived as a lucky high school junior during a successful prom night after-party.
And, thus, the gaps were either filled perfectly or not even achieved at all: