Two points:
1. Over 25% of the trades today occurred in the last ten minutes.
2. The market lost over 60 points in the last ten minutes.
The end of the day is marked by higher volume due to the program trades for people who are liquidating their mutual funds and large institutional buying for corporate retirement accounts. Maybe people are realizing that the markets are rigged and that it is past time to get out of the 1’s and 0’s. Or is the media correct that this end of day drop was caused by an explosion at the Boston Marathon?
David DeGerolamo
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