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WTF Chart Of The Day: Without "Pajama Traders", Stocks Have Gone Nowhere In 11 Years

There appears to be two sure-fire ways to make money in these 'efficient' markets - Buy before The Fed speaks...

 

 

or trade 'em after midnight...

Source: @NanexLLC

To be clear, this means without the gains achieved between midnight ET and 3amET, the S&P 500 futures market since 2005 would have gone nowhere!  - It seems the so-called "pajama traders" may be on to something after all?

Or is this The BoJ helping out the world with direct buying as its quid pro quo for the G-20 turning their head as the most-indebted nation in the world devalues its currency.