Quote Originally Posted by manucastle View Post
It appears from the late confirming signal from the Average TEV on four inversed ETF's that the large players were as confused as the rest of us !

http://www.effectivevolume.com/_ss.p...ORT_TEV_ST.gif

Trev
They might have been already fully hedged and actually at the beach, leaving the markets to politics/HFTs and lonely traders. We would need an external event to have forced selling on a scale that is wide enough for a bear market to restart. Maybe an interest rate spike due to European or US debt downgrades? Anyway, cash is moving to the "ultra safe" US$ denominated US treasuries. Not something we would expect before a debt downgrade.


Pascal