LMAO they DID blame robots for todays market move

Posted on | Tuesday, February 16, 2010 | 1 Comment

Zerohedge is at it again with its "market up because of robots" again! The stupidity never ceases to amaze me! Why they can't understand that markets can move with less than average volume is way beyond me.

Luckily BIDHITTER followers are smart and realize that the laws of supply and demand still exist regardless of how many people show up to play. Furthermore broad market (IE GLOBAL) sediment was BULLISH well before the cash mkt opened. Why justify today's move on robots when you clearly have ZERO clue what you are talking about?

Looks like Johnny 5 blew up another account!

A SPY block moves market by several points. We exaggerate. (Not really).
Volume down, market up, volume up, market down. Rinse, repeat. Computers are
happy as pigs in a trough as shorts refuse to even dip a toe in this busted
market. China tightening? Greece collapse? Record debt overhang? Pulled IPOs and
HY deals? Who cares. The algos are sniffing and providing liquidity.

Related posts:
ZeroHedge justifies spewing falsehoods
Interpreting Volume and why Zero Hedge are morons
Zero Hedge is starting up with their BS again
Computers... Right.

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