Oct

20

I've got to give the Fed kudos (even though I'm not a fan of the tactics). But it should be said that the reasons for the panics were even more ephemeral and contrived.

A whole lot of panic cessation with a few choice words and that's all they were. Good weekend all.

Vince Fulco writes:

Very true, a nefarious thought popped in to my head mid-week that the street would enjoy an injection of supercharged vol just to shake up the players a bit before year's end. Supporting it was a friend at Merrill who indicated the firm widely disseminated a piece on global pandemics two weeks prior. Always plenty of conspiracies on the street of dreams.


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  1. Duncan on October 21, 2014 10:39 am

    Volume on the major exchanges was at least double the normal during this week. The brokers are the big beneficiaries.

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