The following EOD commentary from Goldman's S&T desk pretty much summarizes how everyone feels.
All’s well that ends unchanged (again) in equities. Today’s rally into the close doesn’t match yesterday’s rip, but neither did today’s selloff match yesterday’s. Unclear what drove the rally back, perhaps the Monti headlines (though not from how I read them) or perhaps simply seller’s fatigue (though not judging by our flow). Long-only accounts small better to buy, but hedge
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