Two weeks ago, when a brutal bout of systematic selling threatened to push the S&P below 5,000, various key support levels, and trigger many more sell programs, we reminded markets that the buyback blackout period ended that Friday, April 26, and that a lot of corporate bids would hit the tape. One look at the chart below, shows that we bottom-ticked the low point in the market with spoos about 200 points higher in the two weeks since.
Fast forward to today when in concert with the latest episode of the market-wide brutal short squeeze...
