Premarks: All Over The Place

Futures are all over the place this AM as an overnight rally reversed on a Reuters report  that a major Asian bank was  reducing credit lines to a major French bank.  Markets then turned around on better than expected unemployment claims numbers.  Where we'll open or end up is anybody's guess but I think this is all part of a bottoming process.  Notice that yesterday the market didn't trade to new lows even when it was giving up most of Tuesday's gains.  Stay tuned!