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