A Stunned Wall Street Reacts To Today’s Epic Move
by Tyler Durden
ZeroHedge.com
10/15/2014
“In the first 15 minutes of trading the S&P 500 E-Minis traded below the S&P 500 cash index despite a fair basis, according to Bloomberg, of -6.72. This is unheard of and something I have never witnessed in my near fourteen year career on the Street. I can only conclude that many large institutions threw in the towel on the Open in wake of the dislocations in not only stocks but also treasuries.” – FBN’s Chief Market Strategist
The Rest…HERE
