By | May 08 2012 5:14 AM

Recap: No trades entered Friday or yesterday as the charts were too mixed for us to feel particularly confident in any single direction or setup. Fundamentally today the markets are as crazy as they get: the Greek coalition government lost its grip in the latest public polls (the party responsible for the bailout and the resulting austerity measures), 12 of 17 EMU governments have been replaced by collapse or election in the past 2 years (read: public disapproval and resentment) and the Bank of Japan admitted to buying $500 million worth equities yesterday (which still failed to prevent the sharp drop in the Nikkei).