I agree with you Lunch, and I guess the bond traders will make a killing today.

That is why when all the media talks about a bear trap or bear market rally I am cautious but not convinced. Maybe the trap they are setting is in the US treasuries market. We had a post a couple of days ago wondering how they would unload their 106 billion dollars of T-Bills they are serving up this month. Maybe this is their answer to that question.