Not Enough Fear

If today was the bottom, that had to be the most fearless bottom I've ever seen.  Also the Russell 2000 rebalance buoyed the small caps more than it should have under normal market conditions.  The newly added components to the Russell will be inflated because index funds had to pay up to buy those new names, and there is a mean reversion when that artificial  demand is gone.  I expect a gap down on Monday.