Biggest Buy Order In History Hits, Spiking Stocks... But Is It The Pensions?
"Update: and there it is - at precisely 2:39pm [today], a TICK print of 1775 was registered, signifying the biggest buy program of all time. Now, the only question - is this the real pension deal, or someone trying to fake out the algos into buying and trapped shorts into covering. The one problem with today's buying fury: a burst of record buy orders only managed to push the Dow Jones 200 points higher, far less than yesterday's 800+ point frenzy, which means that there are far more sellers into this ramp than yesterday."