What happen at the futures ????????????????

Quote from turkeyneck:

Futures down 44, big deal? We've seen a lot worse in this past March.
More...

Look at the 5 minute chart Turkey... a mere 89 point range on one bar...no biggie wiggie if you missed it.
 
at 9:21 EST many markets spiked and/or crashed..
Equities spiked lower
Bonds spiked higher
Corn/beans/wheat/meal all crashed lower
gold and crude did have extra action but were relatively subdued

Clearly it was a world event, (or expected world event) or something that none of us fucking idiots can find out what it is...
Maybe they caught Bin Laden
Maybe we are going to war tonight
Or it was a program crash...
Who knows...

Probably a good idea to stay out till morning if possible.
 
I talked to Globex after it happened they are not busting any trades, 18K in the ES in 1 minute, happened in a bunch of markets that should have no relation to one another. Bean Oil traded 1250 in the same minute.. US, TY, ED, NQ C, W and beans all had the same weird volume spike, no news. They all made new highs and lows for the night and ended up in the middle... never seen anything like it. Nothing happened in currencies. My first theory was china did something with its peg, but that didn't pan out. Also heard that could be a large fund liquidating but that doesn't make sense either, the move was not one directional, also seems to rule out fat finger trades... Several markets all at once. Anyone gets any news about it please post.

Thanks

5yr
 
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