Interesting Bloomberg Chart

This is a chart of the effect of the last Globally coordinated intervention.

A 2-day sugar rush and a decline. It's the entire concept of sugar rush news, a knee jerk reaction and then the thought, "Wow, things must be pretty bad for them to do that".

So far the 3C and bulk of the Credit/Risk Basket indicators would call this a sugar rush. I'll certainly give the market some time to settle in and the indicators a chance to catch up if they are going to, if they don't, I'll be adding today as I didn't yesterday and was saving my dry powder for such an event.