Most of the post-GDP move has faded. I’m not convinced the GDP report tells us anything because much of that growth will now be shifted to Q4. The first quarter of 2012 is the open question.
Stocks opening a tad better than expected but still negative.
Barring a tape bomb from Europe, I don’t see a chance of another ‘risk off’ day. The odds favour more of a rebound that could turn into a squeeze.