Wednesday, September 21, 2011

$SPX, $SPY: My feeling yesterday was not entirely wrong after all, since in the last trading hour we had an abrupt sell-off, particularly in the tech stocks. The shenanigans of the government intervention, irresponsible media hype and corrupt high frequency trading platforms (Algorithms), have turned the market into a casino for now, and a bad one at that where the spots on the dice change daily.

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