When you absolutely, completely, undoubtedly need the Dow and S&P 500 to close green at new record closing highs…
Unleash the last second VIX smasher algo…
The first push down with VIX (and thus up with stocks) stalled out ‘alarmingly’ at 1554ET.. and the S&P 500 dropped back perilously into the red… but thanks to someone’s decision to sell volatility from over 13.00 to 12.75 instantaneously was just enough momo and just enough time to drag the Dow and S&P across the finishing line green…
This post was published at Zero Hedge on 11/11/2014.
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