Stocks rally big. Why the melt-up? Some of this may be hedge fund desperation.
Oh, I know the story, I've been saying it for the last two days: 1) Fed is perceived to remain dovish, along with the ECB, which will start to get creative with expanding its balance sheet, 2) oil has stabilized and 3) Ebola fears have eased.
Does this mean the coast is clear? Of course not.