Courtesy of Tyler Durden
Volume is not dead. It just hides and make sudden surprise appearances when humans actually override the HFT algos upon the realization that Bernanke’s Global Put may not be sufficient at this point. So much for low volume as a result of everyone watching C-SPAN – S&P spoiled everyone’s part. Although with the whole world crashing and GS positive, at least it was made abundantly clear who runs the world.
The volume on the SPY today was the highest since the February crash,when US capital markets at least reacted to the Greek contagion, unlike now when nothing can make a dent on the algos, which still have to find Athens on google maps.