It's 3:30PM - Do You Know Which HFT Has Hijacked Your Computer's Spare "Market Ramp" CPU Cycles?
A day full of disappointing news concludes with the mandatory rampage that is sure to get all investors' confidence back in what is the most broken market ever seen by pretty much anyone. Anything less than a triple digit gain in the Dow and today's ICI outflow may be in the tens of billions. Or else the banks won't lend and the system will collapse. In other news, the US is rumored to be issuing High Yield bonds (at sub 5% rates) with which to fund a couple hundred trillion or so in direct "dividends" to US citizens (only those making under $250,000 and/or belonging to labor unions).