The markets have been choppy over the last couple of days. This is hardly surprising, with one of the most bizarre quarters in living memory drawing to close. To say recent indicators are a “mixed bag” is an understatement Consider the following (hat tip, Dave Rosenberg, Gluskin Sheff):

Pending home sales rose 6.3 pct in December… Merck gains after beating expectations… SanDisk sheds 23 pct, limits Nasdaq gains… Dow up 0.6 pct, S&P up 0.5 pct, Nasdaq 0.2 pct…