SP 500 And NDX Futures Daily Charts - The Gross Mispricing Of Risk Enabled By The Fed
"Complexity is often a device for claiming sophistication, or for evading simple truths."
John Kenneth Galbraith
Stocks were lower in light trading volume, and like so many pre-holiday weekend days the light volume allowed trading algos to push the major indices back to unchanged.
VIX stuck its nose up a bit, but was beaten back down in the afternoon.
The Fed is a key enabler, if not one of the primary engineers, of a series of financial bubbles and collapses that act as wealth transferal events from the many to the financial sector and their wealthy few.
US markets will be closed tomorrow. Therefore there will be no market updates posted here.
Have a pleasant weekend.
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I have never been able to comprehend how these alogtraders can manipulate the market the way they do. Algos have always been a mysterious concept to me, much like the Plunge Protection Team. It's almost like a ghost that you know is in the room but cannot see exactly what it's doing. And I'm more afraid of algos than ghosts!