Everything was bouncing today, at least those things that had sold during the margin squeeze precipitated by the CME and the CFTC which affected most asset classes except bonds.
Of course they had to relent. Crashing the stock market is probably too high a price to pay in order to save a small clique of traders who are trapped in the silver pits.
But I would not count these fellows out of the game yet. Goldman and their ilk helped to crash an economy in order to loot AIG and the mortage markets. Their perfidy has few bounds.
