Not looking quite so clever today with the market up 220 points as the Dow Jones turns around a 762 point loss early on to close up 157 at one point rallying 1048 points from top to bottom. As I write the Dow Futures are up another 500. The only consolation is that we're not losing any money in cash, we're just not making it. We're still in cash, one bounce doesn't make a trend and the "top" is still in from last week but  this bounce is strong. The Fed have put their finger in the dyke once again with their corporate bond buying announcement, but we'll find out tonight just how water-tight that makes things. Jerome Powell delivers the Semiannual Statement on Monetary Policy to the Senate Banking Committee at 10am US time, lets see if he is still questioning a V-Shaped recovery or not. Our relative performance is in the palm of his hands. Although our recent profits aren't. They are in the bank.