(This will sound sketchy b/c I have limited info, but stick with me)
This morning, I saw an interview on Bloomberg TV with a money manager who said that yesterday, the S&Ps spiked when a "mid-sized fund" that had shorted the E-Minis blew up, incurring massive losses and having to buy back its position.
If you look at the volume from yesterday, you'll see that between 2:42 NYTime and 2:47 NYTime, more than 100K eminis traded.
Since then I've been expecting to hear about a fund having problems and suffering massive losses. Have any of you heard anything more about it?
This morning, I saw an interview on Bloomberg TV with a money manager who said that yesterday, the S&Ps spiked when a "mid-sized fund" that had shorted the E-Minis blew up, incurring massive losses and having to buy back its position.
If you look at the volume from yesterday, you'll see that between 2:42 NYTime and 2:47 NYTime, more than 100K eminis traded.
Since then I've been expecting to hear about a fund having problems and suffering massive losses. Have any of you heard anything more about it?
