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Re #1, but that was all "real" market activity, right? Was it mainly that overseas traders were just a lot more pessimistic?
by pbreit 10y ago
Re #1, but that was all "real" market activity, right? Was it mainly that overseas traders were just a lot more pessimistic?
- matwood 10y agoIt's real, but volume is typically much much lower so it tends to exaggerate in either direction. I stopped trading futures at night because lower volumes messed up my strategies.
- pbreit 10y agoThe volume on S&P and DJIA futures surely is sufficient to be legit?
- totalZero 10y agoThe only part that wasn't real was the fact that the futures hit the limit-down circuit breakers, which means the market wasn't totally free. Otherwise, yeah. That's real money. A bunch of people overreacted and sold SPX 6% lower than where it closed the next day. Potentially they were hedging derivatives, but either way, frantically selling in a sliding market is not a position you want to be in.