Friday, June 19, 2009

Houston, We Have 3:30 PM Lift-Off Right On Schedule

Because, like clockwork, the entire market always turns on buy programs at the same time. Who cares about paying a good price when you are playing with other people's money in a SPARC-manipulated playground. Mr. T pities the retail fools who thought they have some chance of making money in this WWF-esque rigged spectacle.

Also, good thing that the VIX is down 10% in a flat market. Thank god the markets are "regulated."

And, yes you guessed it, the VWAP reversion programs win again (on no volume on quad witching). Nobody trades anymore except Simons with Simons (or rather Medallion with RIEF).

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