How appropriate that, on Halloween, we have more tricks that treats coming our way. The blood red screen has most markets taking a dip, although the metals complex is well off its lows.  Is this a risk off reaction to the MF Global bankruptcy?  They are TSTS (too small to save) instead of Too Big to Fail, so perhaps people upset that the government won’t be backstopping a purchase by pumping money into the system.  Or is this just a normal pullback following the incredible October run up?  We’ll see, but it’s likely too little too late to save managed futures (which generally speaking came into the month short all of these markets) from a down month.