Thursday, June 4, 2009

Morning Market Ramp, Simi Valley Edition

DUDE: Terrific, JPM SPY Trader. But you haven't told me how we run the market up as it looks weak this morning?

JPM SPY TRADER: That's the simple part, Dude. I start buying the SPYs, I grab shorty and beat his shares out of him.

JPM SPY Trader: ...Huh?

DUDE: Yeah. That's a great plan, JPM SPY Trader. That's fucking ingenious, if I understand it correctly. That's a Swiss fucking watch.

JPM SPY Trader: Thaaat's right, Dude. The beauty of this is its simplicity. If the plan gets too complex something always goes wrong. If there's one thing I learned in Nam--


Here come the usual market gunning suspects, in 5,000 share lots traded every 50 miliseconds.

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