Somebody knew something

10 May 2010

Below is a chart comparing the Dow and a few different funds on May 6th, 2010. This was prompted by a video posted by a trader that blogs on the site OMGYAK. The curious part is that about 8 minutes before the market plummeted, there were similar drops in these funds. The red vertical bar in the chart below shows that time difference.

So I guess the question is, did these funds know the crash was coming? Or were these funds one of the causes of the crash? The funds in the chart are listed below. My understanding is that there are more funds that follow this pattern, but it seemed like overkill to list them all.

The video is a little tedious and boring for my tastes, but it’s below.

[via Business Insider]