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To: Bucky Katt who wrote (13525)8/21/2003 3:00:04 PM
From: Fudd  Read Replies (1) | Respond to of 48461
 
Speaking of nice rides SOI is one I wish I would have been on.
Good job Goldman Sachs..
11:55AM Market Action : The Dow plunged 65 points between 11:07 and 11:21. Multiple desks blaming the sharp reversal on a trading floor error. After quickly rebounding 30 pts, Dow now back to the 9400 level with one desk suggesting that technical traders using initial rebound from futures error to get short an "overbought" market. From another desk we are hearing a rumor that the Philly Fed report (due out at the top of the hour, see 11:45 preview) may have leaked, but our fixed income team tells us that bonds are not reacting as if the data leaked.