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CAN’T GET YOUR TRADE BUSTED? JUST GUN THE S&P’S….

25 June 2009 by TPC 3 Comments

I was reviewing today’s trading in search for the answer to the question of the day: why the heck did the market rally 2%?  Someone with a much bigger account than Joe Schmo placed a trade in the middle of last night that rivaled periods of today’s intra-day volume.   This trade sent S&P futures up over 1% in a matter of seconds.  There was no news at the time that warranted such a move.  Did a big player need to break even on a sizable overnight trading error?  Probably not, but that’s as good a guess as any for today’s move….

es626 CANT GET YOUR TRADE BUSTED? JUST GUN THE S&PS....

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3 Comments »

  • prescient11 said:

    TPC, I watched that happen realtime. Loaded up some snp shorts tonight. Glad I cut loose some of my SRS PM this morning. VXX got pounded today. Hoping to average in here AH.

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    # 25 June 2009 at 4:55 PM
  • AndyD said:

    It was probably some fat fingered idiot at Goldman Sachs They had to spend the whole day correcting their PnL.

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    # 25 June 2009 at 5:09 PM
  • Dean said:

    And what about the last half hour!

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    # 25 June 2009 at 6:57 PM