Classic Bear Market Trap.
This folks is what you call a classic bear market trap. The market soars on a friday of options expiration on political comments not actions.
When you wake up Monday morning everyone will have had time to digest all the comments and realise the Greek domino effect is still out there in full force.
Yeah what you have today is daytrading shorts covering prior to a weekend because they are too cheap to pay for the 2 day margin interest and so they are covering but come Monday we will be worrying all over again about the European Debt problem and that is just the tip of the iceberg.
RIMM crash today is puting heavy sell pressure on QQQ