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Friday, June 15, 2012 1:11:43 PM
When the music stops, the big flush will come and this turd of an artificial market will be cleansed. I suspect that day will make the flash crash look like a small hiccup. I have my TVIX GTC order out there and it is somewhere north of 100% of today's price. I'm confident it will hit in the next 6 months.
Catalyst may be EU, Iran, fiscal cliff or the fund managers may just decide to come back to Earth.
I am not hoping for the demise of the US, but I am cheering the demise of the current artificial market and the hope for a return to sanity after the cleansing occurs.
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