Tuesday, March 13, 2007

More Liquidation / Margin Calls ?

There were some odd simultaneous selling events today. Stocks, corn and soybeans got hit around noon. Then around 2 PM EST stocks, gold & oil got hit.

I wonder if some big beefers got margin calls & liquidated? Bloomberg said some stocks were being hit with big blocks. Some were not larege weights in the S&P, so probably not program trades or asset allocations. One was CVS. So I suspect beefer liquidations.

Still waiting.

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