One has to laugh. Following overnight news of an ongoing collapse in the Portuguese government and an epic surge in Portuguese bond yields, not to mention the ongoing military coup in Egypt, the S&P just hit highs as trading volume disappears and the BTFD algos take over. All we need now is news of a meteor headed straight for Manhattan for the ES to be halted limit up.
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Update: The melt up on no volume insanity continues:
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