Sedaca at Minyan thinks it was the PPT

hmmmmm.

Who else thinks this obscene rally was your tax dollars at work?

 

1) ?......"it" could've merely been end-of-the-month window dressing.
2) If there's going to be a complete collapse of the VIX, you want the market to be as high as possible instead of scraping long-term lows.

 

Doesn't feel like the PPT, personally I've been surprised at the weakness we've seen the past couple of weeks. 60min ES shows some pretty good bottoming action over the past few sessions.

 

window dressing? more like an entire sprawling estate, complete with servants quarters and barn.


looked to me like we were bottoming yesterday before the crazy eod selling.