Monday, June 8, 2009

Plunger Alert:

The Plunger Protection Gang must have been at it again, subtle as ever. Am I nuts for thinking something is up? Well maybe I'm just nuts, but I'm not alone on this one. Here's a good summary from ZeroHedge .

End Of Trading Charts

Crazy day.

First: an updated 1 Year Treasury 1 yr Forward. Closed practically at the wides. Someone(s) just lost their job(s) over this.



More relevantly, to demonstrate just how low of a volume day it was on the NYSE (and how easier it would have been to move the market with even the smallest spike in futures or SPY action), the chart below indicates the NYSE volume times the value of the index in an attempt to indicate the 'dollar' equivalent volume. Has all the NYSE market volume now moved to dark pools? If so, dark pool participants will not be happy with this development.

Sphe
re: Related Content

No comments: