I was just preparing a similar chart. Weekly chart of S&P going back to October 2009. Up trend is still well intact. Maybe a correction. How deep or strong remains to be seen. But total collapse I just don't see it. Trade what you see folks.
And then they changed the law after FDR. 2 terms is the limit. We did not post phone elections during the War of 1812 when the British were occupying D.C. or when we were involved in the War of Northern Aggression from 1861-1865 or WW2 from 1941-945. It won't happen.
Remember 8/20/15 was on a Thursday, then 8/21 (Friday), then 8/24 (Monday)... could see something similar (although this time the Fed already has some scheduled jawboning - they might bring out more). If the Fed had any balls whatsoever they'd ignore the market (which is really their first mandate) and raise another 25 bps. We all know whom they answer to however.
how do you know? maybe it is the small fry who know that the hedge fund guys are invested to the max and are getting out because liquidity favors the small orders not the large orders.
Do small orders get filled first ? Or were you saying that liquidity exists because there are so many smaller orders that provide stability?
Unfortunately days like today with Vix < 14 is like asking wife "hey baby wanna do anal?" and her replying with enthusiasm "hell yeah!"