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http://www.zerohedge.com/sites/defau...20_boff1_0.pngQuote:
No, really, there is a big, huge, massive rotation out of those dangerous, inflationary bonds into safe, predictable equities...
http://www.zerohedge.com/sites/defau..._boff2_0_0.png
http://www.zerohedge.com/news/2012-1...ets-limit-down
Hummm.... a doomsday crash coming up.
:D
What does the "ES" stand for these days?
Whatever happened seems to have been over in just a few minutes. Trading glitch? Expiring options?
ZH said it was a transfer from bonds to equities.Quote:
Originally Posted by Zippyjuan
I was actually hoping people here would clarify that.
ES = Emerging stocks
E-mini S&P 500 futures.Quote:
Originally Posted by Indy Vidual
Doesn't quite look like a flash crash to me. I would say that this was mostly planned selling. By that I mean many were waiting on the results of the fiscal cliff clown circus. I am sure a lot of algorithmic groups had automation ready to sell or buy on any signs of momentum.
Looking at the charts, if it was somebody moving out of bonds to equities it looks like they bought back in right away. I can't find any information suggesting the other side of the equation- that bond yields were soaring due to bonds being sold. Doesn't seem to have happend as it was described. I don't know what the charts are supposed to be showing.Quote:
Originally Posted by sailingaway
thanks.
This forum says it was a glitch;
http://www.elitetrader.com/vb/printt...threadid=13605
Quote:
Posted by acrary on 02-04-03 09:46 PM:
Globex Control Center sent out a notice at 3:23 CST. All trades above 86000 are busted...exchange related problem...
Quote:
Posted by acrary on 02-04-03 09:52 PM:
Got the details now. Three errant trades of 2,000 lots each were entered into the system. Everything above 860 is cancelled. The originator is eating the losses on all fills up to 860.
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Posted by McCloud on 02-04-03 09:54 PM:
IB:
To all traders
Tue Feb 4 16:45:53 2003 EST
Globex Trading Update
Globex has just notified us they are breaking
all trades in ESH3 executing above 860.00 between 16:00 and 16:15 EST.
Put your sarcasm meter on.Quote:
Originally Posted by sailingaway
dow futures down 205 now on fox business
sounds expensive for the originator.Quote:
Originally Posted by Zippyjuan
Probably based on the news that Boehner doesn't have the votes to get anything through the House of Representatives- making a deal on the "fiscal cliff" more unlikely at this time (the news is correct- currently showing down 208 points) http://money.cnn.com/data/premarket/ .Quote:
Originally Posted by ILUVRP