Quote from bond tr4der:
3 bank failures after the close Friday, one of them major; A massive rally at the close based on baloney; Reports that GM is considering bankruptcy; and no resolution to Shittygroup's Lehman-esque death spiral.
I have no doubt we hit limit down when futures trading resumes Sunday. The PPT business model is falling apart due to its constant abuse. When the PPT steps in and starts buying ES, we're just going to have institutions shorting the contract AND shorting stocks instead of arbing.
