Hello Max. I certainly have been enjoying your posts, albeit silently. I have been trolling around SI and many other sites and have yet to see mentioned a quick interview with Art C from the floor on BubbleVision, somewhere before noon today. He was rather explicit.
Apparently he, and the other floor traders, all noticed a strange phenom around ten o'clock today. Although, per usual, the gloss was attempted, Art C just has too much credibility to allow a white-washing, so he prevailed.
Of course, then they cut back to the remarkable rebound.
What he said was this: some single entity had taken a sudden action. Simultaneously selling gold, bonds and buying dollars and stocks. He was quite righteous on the subject, going into some detail about the volume spiking and about the nature of this entity. He said that after forty years on the floor, he knew when a transaction was coming from within the USA and when it was extra USA, and that this was from outside of The Great American System.
He further said that once this multiple and (he was obviously amazed by the swiftness) simultaneous set of transactions took place, volume returned to normal. I.e., low and uninteresting.
The impression that I had was that he had not seen anything quite like it. Or, perhaps, that this event was so rare that it had the floor a-buzz. I could almost hear the producers on BubbleVision hissing "Quelch! Quelch!!! Quickly!!!! There is no manipulation in our free markets!!!!"
I am wondering if anyone else caught this gem?
illyia |
