WTF Chart Du Jour: The Broken Market Fallacy

UPDATE: And then this happened…

 

As every good Keynesian ‘knows’, broken-windows are good for the economy; so that must mean that ‘broken markets’ are good for the… markets?

 

Having started to fade after the opening ramp, since the NYSE broke, stocks have levitated linearly…

 

…driven by a surge in XIV (the inverse VIX ETF, which was among the 150 symbols that ‘broke’ today)…

 

As Stocks decouple from any fun-durr-mental carry driver…

 

 

As well as Bonds and credit markets’ perspective on ‘recovery’ and ECB rumors…

 

and equity volume is well below average… (again)

 

*  *  *

Why anyone would trust this shambles of a US equity “market” anymore…?




via Zero Hedge http://ift.tt/1wipMir Tyler Durden

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