Via Pete Tchir of TF Market Advisors,
Stock futures are up sharply after another week of unprecedented volatility. Although last week was relatively tame, only 13 times in the last 60 years has the S&P 500 had a down 1% day during the week between Christmas and New Year's. We managed one of those days last week. We also had a 1% positive day. Futures are strong and looks like stocks will open above 1272 (where they closed on Jan. 3, 2011).
Not only does volatility remain elevated,
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