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.
- Eaton Vance Tax-Advantaged Global Dvd.
- Evergreen Multi-Sector Income Fund
- AllianceBernstein Income Fund Inc.
- iShares S&P US Pref Stock Idx Fnd
The video is a little tedious and boring for my tastes, but it’s below.
[via Business Insider]
