See the pre-expiration short squeeze. See the value of the short volatility trade with a 20% haircut over 2 days. See 278 million shares of GM trade so far and it is only noon. Can you say flipping? Can you say POMO?
Someone asked me about Fed actions and I facetiously pointed to the video I linked to the other day. There is actually a COMIC BOOK released by the Fed recently that is actually pretty good in terms of providing a discussion of the options that are available to them for monetary policy. See my post from November 16 for it.