So as I type the S&P is up around 2.5%, and the puts I was talking about earlier are now trading at .28 / 1.28 - so a massive loss so far if you bought them this afternoon... dooh.
And to what do we owe this remarkable rally? Well no-one knows but the press are co-joining the rally and the news that a famous analyst is predicting massive profits for Goldman Sachs when they announce tomorrow.
So financial markets are up because Goldman Sachs took enourmous profits from trading in financial markets.... THIS is financialisation!