Happy Friday

Futures have recovered a lot since I woke up this morning but today is likely to be as much of a crap shoot as any other day this week.

On the positive side:

1. Buy and hold folk will be emboldened by Warren Buffett's new stance on U.S. equities
2. Libor came down again overnight

On the negative side:

1. Today is a big options expiration day
2. Who know how many struggling hedge funds still need to use any strength to raise cash to meet redemptions?

Enjoy.