Submitted by Tyler Durden on 07/08/2011 15:56 -0400
Now that every carbon-based trading life form has long since left the building, and only the robots and Brian Sack's NYU interns are left loading up bags, the good old ES-RISK divergence has once again opened up to the same 10 point spread which prompted us to advise for a compression trade yesterday. Sure enough, like clockwork, the vacuum tubes come crawling with limited dry powder, and can only bid up ES while leaving everything else in the dust.A compression bet here will likely close the same way it always closes once some rationality returns and the PPT steps back.
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http://www.zerohedge.com/article/traders-leave-building-risk-es-spread-comes-galloping-back

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.