Mortimer: That's not right. How can the price be going down?

Randolph: Something's wrong! … They're selling, Mortimer! … You, idiot! Get back in there at once and sell! Sell!"

Billy Ray, we are not looking good this morning.

S&P 500 futures were some 35 handles lower at last check following a North Korean nuclear test and a dismal Chinese non-manufacturing PMI report. We appear likely to test Monday's lows on the opening.

Let me underscore this morning that rationality wilts and gets sedated in the market when large doses of effortless money are administered (i.e. Federal Reserve stimulus).