This is simply incredible. 40 minutes ago, just as the farce that is the market was in danger of not closing green despite the tech fiascoes from GOOG, MSFT, CMG, MRVL, AMD, MS, and all the others, we had one simple thing to say:
Some HF is getting a monster margin call right now— zerohedge (@zerohedge) October 18, 2012
Time for CME to lower ES margins a little more here— zerohedge (@zerohedge) October 18, 2012
And sure enough, seconds ago...
This whole theater is just getting so very predictable.