Dow futures are up 52 now, up from -300, but down from recent highs of +300. Crazy indeud.

European stocks opened sharply higher; but are now diving lower, with the FTSE off more than 2.5%.

Now at 5.16%

After opening higher, most European indices are now in the red, with England leading the way lower by 1.1%.

Related: Dow futures are moderating, now +146.

That’s a 600 point reversal from the lows aka a face ripping short squeeze rally.

Perhaps lending to the sharp reversals in world markets and US futures.

Banks and Autos are leading the way higher.

Italy and Spain are both up more than 1%.

Dow futures are now +110, up from -300.

U.S. futures are reversed steep losses of more than 3%, currently in the green by 1 on the Nasdaq and 8 on the Dow.

UPDATE: They are back down 9.5 and 48 on the Dow. It’s a very thin and volatile futures market right now, but still well off the lows.

“Gold and bonds are doing really, really well and we’re making profits on them and putting these into the asset classes that are getting cheaper and cheaper, which are definitely equities,” Sydney-based Holt said in an interview.

Full article

Significantly off the lows.

Italian 10 yr yields now 5.28% and Spanish 10 yr yields are 5.34%, both down almost a full percentage point over the past week.

Hong Kong -750

ASX ORD +34

ASX +46

NIKKEI -190

All significantly off the lows.

Related: Dow futures are down 104 now, up from down 300.

[youtube:http://www.youtube.com/watch?v=e5FXYTRmoL0&feature=feedu 616 500]

[youtube:http://www.youtube.com/watch?v=b9w10-MSKUM&feature=feedu 616 500]

It reversed an earlier 5% decline, now up 0.3%.

UPDATE: Australia now +0.7%

Crude is outstripping losses in gasoline, diesel and heating oil, helping improve spreads for refiners. At the moment, 321 cracks are up 5% to $35—new highs.

Now down 14, nearly half of previous losses.

They’ve done it before, as part of their asset buying program.

source: CNBC Asia

It was down 5%, now off by 1.9%.

Now down just 204.

What an opportunity.