Today's explosion: $4B emini covering
I've checked the grapevine, and have it on fairly good authority: Today's explosion was caused by a covering (or unwinding of) a 122k emini SPX contracts.
That's a notational value of $4B.
Someone's stop loss got triggered big and ugly . . .
Tuesday, November 14, 2006 | 04:30 PM | Permalink
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is that what a major hedge fund blow-up looks like?
how much longer are we going to feel the ramifications of this?
Posted by: emd | Nov 14, 2006 4:41:31 PM
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