As I cautioned, between the IPOs that were coming out, with Goldman in a key role, and the quad witch for June at the end of this week, the US financial markets would be Shenanigans Central, especially on these light volumes and happy talk from the government.
The manipulation, fraud, and corruption in the US financial markets is remarkable for its obviousness.
CBOE IPO shines, may prompt more IPOs
By The Associated Press (AP)
CBOE IPO SHINES: Shares of options exchange CBOE Holdings Inc. logged double-digit gains in their trading debut. It was a rare success in what has been a tough year for initial public offerings.
THE GOODS: CBOE's rapid growth, exclusive products and potential to be acquired made it attractive. The exchange created the VIX, or the Chicago Board Options Exchange Volatility Index. It is a closely watched gauge of market volatility also known as the "fear index."
CRACK IN MARKET: While demand for most IPOs remains tepid, CBOE's success may prompt high-profile companies in the pipeline to set a trading date.
The US dollar was severely overbought, remniscent of the eurodollar short squeeze that took it to about this level a couple of years ago. As the euro rallied today so the dollar fell. This *could* just be a normal correction in an amazingly sharp rally. I have marked the target lows for this correction if that is what it is.