|From: luvb2b (Rep: 2089)||Date: 02/02/2018 14:12|
|Forum: Wall Street Pit - Msg #2717843 - List SPY msgs ||Thread #673988335 (Rec: 1) |
|there are a lot of leveraged 2x and 3x etf's in the market in all different sectors, and i'm sure people have built up many positions in them as they have been very profitable to hold. the dark side is on a day like today when you have a big move all the leveraged products sell into the move to rebalance. they ahve to do their rebalances by the close, so we stay down here another 50 minutes and you will likely have several billion of selling coming in the last hour that is forced selling.|
"There are those who market trades, and there are those who trade markets.
There are those who follow marketers, and those who follow markets.
The marketers feast on their followers; the traders feast on the markets." -luvb2b
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