My guess is that it was probably a program trade that went in.
More Quotes from Michael Metz:
At some point, portfolio managers have to say that bonds are more attractive than stocks, and reallocate their investment funds away from the stock market into the bond market,Michael Metz
If we do have oil prices at this level for another week or so, it's going to make investors reconsider the whole outlook for consumer demand, which of course has been the real fuel for the economy.
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The Fed is once again saying they are not through with raising interest rates.
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The market, as far as stocks are concerned, it's been amazingly resilient in the face of some very bad news, particularly about oil prices.
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Oil is getting hit here and that also hurts the oil stocks. That is disenchanting a number of short-term traders who didn't expect to get hit that badly by a drop in crude prices.
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I rise in support of the separation of powers as established by our Founding Fathers in the Constitution. The Constitution clearly delegates the power to deal with criminal matters, like the use of drugs, to the States.
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As I said before, there are often disagreements as to what a particular set of facts mean. That is not at all unusual, and one shouldn't read into it more than is there.
Robert Mueller