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Earnings Bonanza Sparks Dow Buying Panic As VIX Nears 8 Handle

Thanks to 'beats' by MCD, CAT, and UTX, The Dow is soaring in the pre-market - up over 110 points, back near record highs.

Despite GOOGL hovering near post-earnings lows (-2.8%), Nasdaq Futs are levitating along with S&P Futs...

as VIX is clubbed like a baby seal to 9.12...