Midday update.

Action seems to be really slowing down. Robotrader continues to by all the dips in the indexes. Hey, if nobody has to sell we can all be rich!

I guess I should be happier because in an asset based ecomy its good to see assets rising! As Hank Paulsen noted earlier in the week he hopes people are happy that stocks are going up even though real estate isn't. If I had a crystal ball I would gaze into it and figure out how much longer we can inflate asset prices, borrow against them, and then use the money to fuel consumption.

Apparently spy vol is going to zero.