One day the futures are up 200. Next day, they are down 150.
That’s not the way futures are supposed to act. They are supposed to have a more smooth, stabilizing effect on the market.
The fact that they’re jumping all over the place means one thing:
Nobody knows what the hell is going on anymore!
Or perhaps it's known now that for years no one new what the hell has been going on and now most are pi$$ed and frustrated with what it has wrought?
Question: When was the last time the stock market had such massive volatility and huge swings?
Answer: 1929, 1930, 1931...
You do the math.