If your holding short and a dividend is payed the SB's take that number of points off your position. It stops people shorting the night before a dividend is payed trying to profit from the fall in the index.
Theres been a lot of dividend payments and overnight roll fees since may!
Looks like the dow is setting up for another close on the ALL TIME HIGH and expect ANOTHER 100 point gap up open tomorrow.
we need you guys!!
the guys who used to trade when markets were 5% speculative and 95% related the economy. We need old school rational traders. This is the new age, when markets go up in anticipation for future declines and declines in anticipation for future rallies.