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Market Volatility Is Incredible
The market velocity is unbelievable right now. In the last half an hour, the markets rose from being down over 350 points to being up over 150 points. The likely culprits if this incredible velocity are automated computer buying systems (quant fund) and institutions selling out of positions.
There is a sea of funds trading stocks like Chesapeake Energy (NYSE: CHK), General Motors (NYSE: GM) and Sears Holdings (Nasdaq: SHLD) and others with such rapidity. Seems like the name of the game is be careful and if you make a trade, you better act fast.
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