Don't get too excited, my friend. North American markets were down today Wed. Some major stocks that were just slowly drifting downwards during the day had a sharp fall in the last half hour or less. Citi ended up almost 14% down, BofA -11.3%, JPM -7%, Wells -8.9%. Dow, S&P and Nasdaq more than 5% down each. Canadian fall more moderate. Will be interesting to see how Asia goes today, I mean Thursday.
Daily feverish action in the last 4-5 min of trading on the price front (shoot up or plunge down) has become characteristic of markets our side the last couple of weeks. Very strange.