Binary Bulls Betting On Bullard Brief, Bounced

It seems the headline-reading algos are in charge once again... as Fed's Bullard held an informal discussion this lunchtime, Bloomberg headlines sent the S&P 500 (the index that represents 500 major US corporations economic viability) up and down rapidly...

• *BULLARD SAYS FED DOING 'WHAT IT CAN DO' TO AID U.S. RECOVERY (not so hopeful)
• *BULLARD SEES 'A LOT OF RISK GOING FORWARD' OF HIGHER INFLATION (uh oh, Sell!)
• *BULLARD: FED NEEDS TO MAINTAIN CRED. ON 2% INFLATION GOAL (oh wait, Buy!)
• *BULLARD SAYS U.S. SHOULD MAKE BIGGEST BANKS SMALLER (umm, Sell!)

And so the game goes on...