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June expiration caps the week that wasn’t

Quadruple witching day for June 2011 brought the S & P 500 right to 1271, which was exactly where it closed last Friday too. In between, a big Tuesday, a super slamdown Wednesday, a touch of the 200 day moving averages Thursday (and a temporary erasure of the year’s gains), but the fact remains that it was a nothing week on Wall Street — you could have slept through it and it would have been just like it never happened . . .

VIX closed the week at a somewhat elevated 21.85.

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