Hmmmm…CDX Indices

Posted by on Jan 24, 2012 in Uncategorized | No Comments

CDX indices have been closing at 4 pm sharp, but today every index trader seems to have stuck around for Apple and made markets that were tighter than the close.

Since Apple has I-Zero debt outstanding, that strikes me as particularly peculiar and smells like the street has used whatever limited power to position management has given them, to get long.