Wednesday, June 3, 2009

SLP Brokers Taking Their Role Not Too Seriously, Others Gunning Market

Good to see that we have a perfectly normal, efficient and gapless market. Goldman deserves a golf clap for providing sublime hi-fi liquidity through the SLP. The chart below is not some crazy 5.0 + beta stock, it is the Standard and Poors 500 index, which, last time we checked, had about 500 5.0+ beta stocks (I jest for regulatory impact).

And just to facilitate FINRA in their investigation of IOI manipulation, and also to assuage any questions about who guns the market and paints the tape like clockwork, I present the intraday SPY IOIA chart.

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