The Bonds Auctions, from Victor Niederhoffer
The bonds auctions reminds one of the passage from Superfluous Man:
"I was at the wigwam. And a poor sinner was singing marching through Georgia. He could never get past the first stanza without lapsing into somnolence. His idea of political duty was the finest I have seen before or after".
They go up with such impunity before the auction. Then lapse into somnolence. "It was a bad auction… wait. There's buying. Hold all tickets".