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.

Spx_emini_1

Someone’s stop loss got triggered big and ugly . . .

Category: Markets, Trading

The Angry Yuppies

Category: Economy, Politics, War/Defense

The Bifurcated Economy

Category: Economy, Employment, Politics

Marketbeat Freed from Firewall

Category: Financial Press, Weblogs

This Week’s Data Flow

Category: Data Analysis, Economy, Inflation

Autopsy of a Miscalculation

Category: Data Analysis, Economy, Financial Press, Markets, Politics

Linkfest

Category: Weblogs

Other Factors Contributing to Increased Recession Risk

Category: Earnings, Economy, Psychology

Yield Curve Says Probable Recession

Category: Economy, Federal Reserve, Inflation, Investing, Markets

Bushwhacked on the Economy

Category: Data Analysis, Economy, Employment, Politics