Gallup released a poll Thursday showing that overall stock ownership among US adults remains 8 percentage points below its pre-crisis level. But even as the crisis appears to have scared many Americans away from owning stocks, there are two demographic subgroups where ownership has held firm: Adults aged 65 and older and those with an annual household income of $100,000 or more.
To the list of 'rigged' markets (e.g. Libor, FX, Silver, Treasuries...) we can now add VIX (which explains a lot) as two University of Texas at Austin finance professors find "large transient deviations in VIX prices" around the morning auction, "consistent with market manipulation."
It has been a seesion of violent, volatile gaps, starting with sharp gap up in S&P futures on Wednesday night, just around 10pm, which saw ES spike and rally to new all time highs on no news...
Authored by Richard Rosso via RealInvestmentAdvice.com,
The financial services industry is headed for the greatest debate in recent history.
It's crazy pills time again...
Post-FOMC Minutes, eveything was bid...