Yesterday was another trading day that can serve as an example how ridiculous markets have become lately. Regulated, well observed, big markets.
The S&P500 was trading lower by 1% throughout the day on very low volume and suddenly some institutionals bought massive blocks of the SPY. It were the comments of Paul Krugman, some yelled. No, the Chrysler news did it, was written by others. It’s just old fashioned manipulation.
The S&P500 was trading lower by 1% throughout the day on very low volume and suddenly some institutionals bought massive blocks of the SPY. It were the comments of Paul Krugman, some yelled. No, the Chrysler news did it, was written by others. It’s just old fashioned manipulation.
Today there is TARP news: an announcement will be made which banks are allowed to pay back the TARP money and are in to repay bonuses again.
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