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Intraday Recap

Courtesy of Tyler Durden

Ahead of the FDIC’s Failure Friday all is normal at the Fed – the policy to destroy the dollar is working, keeping equities cheap and generating a ripfest in bonds (that bonds and equities are both going to the moon is nonsensical, matters not). For some reason WOPR hasn’t confused what the VIX is supposed to do, and it is tracking the market 1:1.

Retail investors confuse the dollar weakness with stock strength and are buying a few hundred shares here and there, only to be promptly front run by the fine folks at the southernmost tip of Manhattan.

Ben – what happens when the dollar hits 0?

[click on chart for larger view]

 


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