Gary K calling out Cramer (JJC) as a miscreant and a fraud. Apparently Gary listened to JJC's show this evening for 5 minutes. I stated here that JJC said that THE bottom had been put in. Probably the most important thing about the market is listening to the right people. JJC is not one of them. Gary K is certainly one of the right people.
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S&P Future premiums going nuts all day - they did the same thing last week prior to the vote...
On a very short term basis it is not wise to trade against this - esp intraday and esp if the price action is confirming the premiums -
In fact program trading thresholds kicked in at the end of the day...
So suprised by the number of people trying to fade today...
Not sure who is buying - guess could be a gov't prop - as certainly if it was speculators and not longer term players - they got burned yesterday.
In either case their back at it again today...
nice
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