ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

Nope. You forgot the Russian bond crisis. =)

Following last night's sale of Citi Treasury shares, we have learned that S&P will increase the float factor of Citigroup in the S&P after the close from 88% to 100%. As a trading desk reports: "We estimate S&P index funds have up to 374 mln shares to buy today (~89% of ADV), assuming no offer participation. S&P 500 indexers have a large funding trade to fund the C buy ($1.7 bln SPX for sale)."

Yep, every mutual fund index tracking fund manager has to buy this sh1t today...Too funny that HFT machines are also aware of "this".
 
Quote from kinggyppo:

getting out when you are wrong. its madness!! see no one will ever
cheer you on when you are wrong, so I say nice loss! Good trading.

Thank you very much ;)
 
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