No one can be sure, but I would not be surprised one bit that this is a blown out trader as a result of the "Flash Crash" "Man falls to death from Marina Towers" http://www.chicagobreakingnews.com/...:+ChicagoBreakingNews+(Chicago+Breaking+News)
Deriving Ontological Trading Rules. First let's define what this means. Later I get expand on what I am thinking:
I was at a Starbucks when I overheard the following: "I just learned that big London banks are going to be broken up...The pressure was to have this happen worldwide, but England is going forward with it, making it much much easier to do the same here and everywhere..." Obviously, this is hearsay. You have to trust me that I believe that a complete stranger is a reliable source that would be in a position to know this. But if you act on it, and it turns out to be false, don't blame me [I am not acting on it because I probably have material non-public information]. So what does this mean? Some people will buy financials on just about any clarity on their future, except this one. Trading is extremely profitable for these firms as we just saw with JPM and GS and to a lesser extent MS BAC etc. Imo SIFs will sell off hard when the news (if it is not just rumor) is officially announced. It is more complicated how currencies will react.
"NFV" 1115.02 has lifted a little bit, and SPX 1132.39 has converged a little bit, still giving a little more than smidgen of edge.