What's Going on Under the Hood of the Liquidity Engine?

There's a bit more retailact than you'd think in these markets. And it ends up getting sort of packaged and and we see it in various ways, either through exchanges or through other sort of pipe lines. But ultimately, like when you talk about institutions, at the end of the day, institutions are run by people. So there's not a whole big difference between institutions and people when it comes to the psychology of these moves. Because everybody would rather buy a nice little bounce off the lo then try to pick the bottom.

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