Today we had the Bernanke Fantasecond and the HFT induced SPY Volatility
The following from Nanex highlights the SPY nonsense and each chart is titled with a word from a phrase being sent to the SEC "Dear SEC Please do your job so we don't have to".
To see bigger images, right click and select view image then left click to enlarge
Charts below show the bid/ask spread (shaded) and trades (dots) color coded by exchange. Not all exchanges are shown for clarity.
10. have to