It would seem a two week old story from the Nikkei Asian Review has been reposted, causing a spike in stocks, making a new cycle high of sp'1996.. a mere 1.2% from breaking a new historic high. Crazy.... simply... crazy.
sp'15min
Summary
*see Zerohedge HERE
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No doubt some bulls will claim this afternoons gains are due to 'real buyers'..but its clear... there is some truly suspect nonsense going on today.
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Volatility is starting to slip again...
VIX'60min....
VIX in danger of breaking 13s.. if sp'2000s.
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Frankly... this is getting damn annoying... not because we're higher.. but because of the reason we're higher.
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2.10pm.... A crazy day in market land, with afternoon mini chaos.. due to the recycled news story on the Nikkei news wires.
A huge amount of short-stops are being hit... and it'd almost be surprising if we don't at least briefly break the giant 2000 threshold.
VIX battling to hold the 14s...
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Notable weakness... Oil, -1.2%
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2.28pm... Its typical turn time of 2.30pm......
Market offering a short term top of sp'1999...
Crazy market...... today really is causing real problems.