Thursday, May 6, 2010

My Day in a Nutshell

Today was crazy and the question is about whether a trader accidentally sold 60B shares of S&P 500 E-Mini Futures contracts instead of 60m contracts. There is a possibility that this occurred, then obviously every large cap mutual fund and hedge fund with a stop was triggered to sell, creating the sliding slope and causing the VIX to spike, and creating one of the most insane days hours on the market since the crash of 1987...

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