The Danger of Low Vol Meltups

To follow up on yesterday's post, all that hard work engineered by SunSPARCs while humans were skiing in Vail over Christmas has been erased in 90 minutes. 

Daily commentary is here.

Comments

[the grateful un...]

1. OPTIONS EXPIRATION WAS LAST WEEK. THIS IS A LONG MONTH. THE FED DOES ITS BEST WORK AT INFLUENCING THE MARKETS PRIOR TO OPTIONS EXPIRATION.
2. MONEY COMES IN THE FIRST OF THE MONTH, SECOND HALF OF THE MONTH TENDS TO BE WEAK
3. HUGE CROSS TRADE IN S&P EMINIS SIGNALS TROUBLE BEHIND THE CURTAIN
4. REPUB DEFICIT BUSTERS SYMBOLIC WIN IN MA. THREATS TO PARTY IN POWER TO KEEP STIMULUS BAILOUT GOING.
5. BY THE TIME THE CAVALRY RIDES TO THE RESCUE THE MARKET IS IN FLAMES. THE DIP BUYERS ARE BURNED ONCE MORE, THERE IS LESS REAL MONEY ON THE SIDELINES TO PUT A BID UNDER STOCKS.

[Anonymous]

caps lock ?

[Anonymous]

Is this to get money moving to govt treasuries to fund their quadrillion dollar spending ?

[EB]

Next week's $118 B in Note auctions just got a whole lot cheaper for Treasury.

[Anonymous]

Hot chart.

[walküre]

It won't crash unless the banks engineer it again for a purpose. GS knows they won't make the money on the way up this quarter, they make it on the way down. Until Fed steps in and gives the Dollar on the altar.

[Anonymous]

Obama is causing this drop! He is the evil one!

My precious banks... so red...

Isn't he doing a Dallas tour or doesn't Obama go to the opera anytime soon?

[the grateful un...]

crash alert stage II, increasing daily price drops in the indexes