Joe Saluzzi on Bloomberg's Closing Bell with Carol Massar and Matt Miller

Great 11 minutes of information and perspective from Joe Saluzzi as he remains one of the few straight shooting realists in the equity market. Unfortunately, one needs to tolerate Carol Massar who represents classic CNBC-like dolled up I believe everything the government spews. Just pretend you can selectively mute her comments and focus on Joe.

This is a Jason Bourne market in which everyone keeps an eye out for 3 exits. This is a momentum driven, fragmented equity market with the algorithmic players setting traps all day. The market is built on lies and rumors and eventually all the players will come back to reality.

And speaking of rumors driving market momentum, where are Mary Schapiro and her band of incompetents at the SEC????



The Cheetos eating, Red Bull drinking algorithmic gamers have the market precisely where they want it. Grandpa's advice: be very watchful as when the tide turns and the "we bring liquidity to the market" adolescents have left the room, no one will be in a position to slow the plunge.