Looks like someone was betting on the SPX closing red for the year. Simply unbelievable. It was green until a couple of minutes from the close.
1 day chart, take a look at the very end:
1257.60 at the close. Last year: 1257.64: 0.04 below!
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
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