The blame game (confusion) continues for yesterdays epic collapse of the DOW/SPY/QQQQ:
A) European banks stopped lending. The rumor spread like wildfire. This rumor was quickly proven to be false, but that fact circulated the net very slowly.
B) A Citigroup trader 'fat fingered' a 16M(illion) trade as 16B(illion). Citigroup of course came out overnight saying they was "no evidence" of "erroneous trades," which is neither confirmation or rejection of their potential selloff activities.
C) Sell programs kicked in to knock out the supports of major index stocks. This is possible, but probably more accidental, given those programs are probably triggered live by unusual market activity.
D) The NYSE breakers started to kick in, but exchanges outside NYSE continued trading without the breakers.
So, once the SEC/media dispels all those rumors, does this market have the bulls to go higher?
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