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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (79419)	2/28/2007 8:37:45 AM
From: Oblomov	Respond to of 110194

>I smell burnt hedge fund... Yes, check out the intraday action yesterday in EWS and EWM. About 10MM shares traded in a 5 minute period shortly after 10AM in each ETF. The selloff in each each ETF was sharp. At one point, EWM was trading at a 6% discount to NAV. Both quickly recovered (i.e. within minutes). Also, the European bank stocks were smacked, in some cases as much as 10%, again with huge spikes in volume at around the same time. Something is afoot...