Friday, June 12, 2009

Ahmadinejad Loses Election, JPM Guns SPY

Nevermind the negative market breadth. Nevermind that there is absolutely no liquidity in the market. An election result in Iran is sufficient for programs to rape TICK (peak at almost 1,500? Come on - make it believable at least) and for JPM to gun the SPY for a little Friday ETF love: as if an excuse is really needed. (And now it seems both parties are saying they won. brilliant)

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