AMZN earnings are being received well in the after hours session.... stock is up about 12% so far. Looks like our old friend the V is back in business.
I've come back to this post to edit.... S&P has cut Spain to BBB+ from A (Outlook negative). The bears hit the S&P futures with large sell orders immediately and current trade is about 1391ish. All of the sudden it looks as though a V shaped recovery is not in the cards... tonight and tomorrow should be interesting as market players digest the news.