just as a note...when I traded a hedge fund back in 2007...I remember a very similar incident to that of yday.Miners collapsed intraday as violently as yday...its the ONLY incident that I recall that really reminds me of ydyay.I bought about 10 mil dollars worth of Kazakmys, a London listed Copper.gold producer which fell about 16% on the day.It turned out that some massive hedgie placed a fat finger trade for a billion dollars and it started the cascade...We needed up pocketing 1.7 mil in 2 days on the trade after selling out...Maybe yday drop was led by a massive redemption...It would make sense.
sandy...It wasn't my money..it was the fund that I was trading...LOL