Another No Volume Day, With Quants Lurking In The Shadows Ready To Pounce
As Larry Levin pointed out earlier, there is no volume as usual, a perfect opportunity for the SPARCs and the (In)visible hands to wreak havoc with all the shorts, as per the running script. Volume runrated to end silly low.
In the meantime, VIX is collapsing: just what your friendly next door quant, who has never heard of arcane concepts like EBITDA, leverage or gross margin, but knows all about charts and the only factor that works, to gun the market into the stratosphere. After all, he know he has so many helping hands to prop him up.
hat tip crazy, energetic scotsman