Buckle Up!

Apparently, no one wants to be short or not long enough headed into another rate cut even amid the bad news out there. After selling off this morning and following a feeble rebound effort, a rumor that the Fed is going to do an emergency rate cut sent the shorts running.

We've seen our fair share of some wild moves over the past week and its difficult to hang your hat on anything that could really explain it. Pure manipulation? Perhaps. But no matter what it is, it makes for a difficult time unless you're renting stocks for just a few seconds. I know as I watched the tape reverse course this afternoon, I found it very odd that my own watchlist didn't really participate in the rally. That's very unusual, but indicative that something strange is going on other than just mere speculation on the Fed's next move.

No matter what you think of the economy, the next week or so is going to be an interesting time for the markets and I'm not just talking about the continuation of earnings season. Buckle up!