[Grampa Dave]

There was apparently some really weird short selling of the ETFs basically across the board starting Tuesday and hitting a highpoint yesterday.

The bond ETFs had an incredible week build up and were amongst the few ETF's not to suffer yesterday.

Sounds like to me some insiders knew that some type of violence was coming. They started buying the US treasury ETFs last week and started dumping Euro and USA ETFs a little on Tuesday and big time yesterday.

It is very unusual for Euro ETFs and US etfs to drop like they did yesterday without any really bad economic news.

[SierraWasp]

3:50 Market Snapshot: Late day selling on terror fears hits U.S. stocks

3:46 [$COMPQ] Nasdaq down 0.8% to 1,950 with under 15 min. to go

3:46 [$INDU] Dow down 1.3% to 10,159 with under 15 min. to go

[steveegg]

Very interesting (thanks for the ping, though I'm not sure of what ETFs are). It would explain the early stampede to the exits (I can't find any substantiative info or serious market trigger levels like Dow 11K that would have triggered the early exit).

Getting back to $orea$$ and company, methinks it goes back a bit further than a lot of people give credit for. It seems I am the only one that remembers the market's insanity of 1998-1999, where job loss was good and each report of companies adding jobs was worth a 100 point drop in the Dow.