Phony as a $3 Bill

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Just look at this embarrassment. You could put a child’s ruler on the screen and cover up every single pixel.

slopechart SPY

It’s the SPY, of course. Totally under the thumb of our federal government masters. And one glance at volatility (if we can still call it that) tells you everything you need to know. Price discovery is dead and buried.

slopechart SPY