Good Tuesday morning. Markets are sharply higher this AM, with gains of more than 3–4% in each index. European markets are up, with nearly identical gains, while Japan closed up a big 6%, with gains of approx 1.5% in China.

Good Friday morning. Just 5 weeks ago I was repeating my statement of the last two years; “this is the most bullish I’ve been in my career.” That set-up no longer exists, as the bears now have control of the market. As we covered…