Stock futures are up

The good news is that the stock market futures are all looking up by. The bad news there are guarantees that it will stay up by the end of tomorrow. This seems to be the most volatile month I have ever seen in my lifetime. According to Bloomberg:

`Doesn’t Pay to Rush’

“To make people feel better you need at least a couple of consecutive up days,” said Paul Kandel, a New York-based money manager at Sentinel Asset Management, which oversees $5 billion. “The market’s rotating so quickly that it doesn’t pay to rush into anything.”

The S&P 500 has moved more than 1 percent on 13 of the 16 trading days this month, making it the most volatile by that measure since September 1932, according to S&P analyst Howard Silverblatt.

We are passed the options expiration date this month and that day wasn’t anywhere near the volatility I expected. It seems like everyday we move in the opposite direction in the markets. The moving averages are still trending down, but that doesn’t mean we won’t have these bear market rallies. After today’s 500 point plunge, we will start out tomorrow in the other direction.