Friday, May 25, 2012

Market manipulation?

The S&P 500 index closed the week at 1318, completing a remarkably flat series of closings prices between 1316 and 1321. In the middle of the trading days this week the S&P has been as low as 1296 and as high as 1328, which is a 2.4% variation. The 4:00pm closing prices, on the other hand, have all been separated by less than 0.4%. Not surprisingly, my favorite bear market ETF, HDGE, has also been flat this week, closing at $24.23 on Monday and $24.18 today.

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