Yes, Virginia we all know the market has to be "inefficient in the real world. That said, $70 minus $47ish is a $23 spread. That would make the market inefficient by about 50%. I find that hard to believe. What I find easier to believe is corporate helmsmen "puffing" up stock prices so they can bail out of their shares and leave us holding the bag. I have a straddle on ADS, so I really don't care about direction, just volatility. But this type of tough guy talk really irks me. Curious to see what happens in the next few weeks.