(Read more: Why 'device exhaustion' spells trouble for Apple)
Back to the market: Traders that again got short last week into the weekend, expecting an "event" to happen, were once again disappointed. Add in the very unexpected positive macro data out of Asia and the low trading volumes and BOOM! Markets moved swiftly to the upside, pausing at resistance (1,662 on the S&P) and then finding the strength to barrel through, as it appears there may be a diplomatic solution to the Syrian crisis, setting the world at ease, for now.
The sense is that traders are a bit tired of worrying about what they can't control, but the lack of volume suggests that the big asset managers are not convinced yet that we can ring the dinner bell.
In what strains logic, it is a bit interesting that China's exports are suddenly improving, climbing to 7.2 percent in August. Can global demand really be heating up with crude oil pushing $110 a barrel? I mean in a visibly stronger economy, then $110 a barrel might not be such an issue. At this point in the recovery, however, I would think that oil at this price will be a strong headwind. Can this report be an anomaly?
It looks like we might see history repeat itself. Recall what happened in May-June during what looked like an intermediate-term correction.
The chatter over the Federal Reserve tapering its asset purchase program triggered investors to lighten their load as traders sold short. Then when the data did not confirm, the talk of taper suddenly got pushed back to September as we awaited three more months of data. The big banks jumped in, which caused the shorts to run for cover, taking the market to new highs.
(Read more: Fed will get its inflation; here's who will pay)
Next week, we are about to find out if the Fed has set up investors again, lining them up with the anticipation of tapering much like they did in May-June. Do the data of late support tapering or not? (Read horrendous NFP report.) Could the Fed say that the economy is still too weak to justify tapering or that the timing of this matter is not appropriate given the recent geopolitical issues in the Middle East? And the fact that we may get a diplomatic solution DOES take some of the fear and risk off the table—thus traders pile back in—more assured of a "big nothing done."