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HIGH VOLATILITY ON RUMORS

|Includes:AAPL, BAC, DBA, DBB, DJP, EEM, EFA, EPI, EWA, EWC, EWJ, EWY, EWZ, FXE, FXI, FXY, GLD, HPQ, IGN, IGV, IWM, IYR, IYT, KBE, MDY, MOO, QQQ, RSX, SLV, SPDR S&P 500 Trust ETF (SPY), TLT, XLB, XLE, XLF, XLI, XLY, XME

 

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Markets were moving sharply lower early in the day until a rumor in oil trading pits that Kadaffi was dead caused a sharp reversal. With margins on oil contracts being raised this enhanced the selling after new highs had been made. Also, news the Saudis may make up the slack for lost Libyan production probably contributed to selling....READ MORE



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