Flinging Futures

There is some serious slapping going on in the SP500 futures electronic trade as the pros mangle ranges with a decidedly bearish pride. The flood into the futures is a direct result of opportunity interruptus created by the poor risk choices via the sub prime bombs. And selling is working. Goldman is obviously leaking stories about their great performance year to date on two funds which got hammered for about 40% last year and needed a mere three billion dollars to stay afloat. They must have junked their not so good quant theories of last year for those that simply sell the shit out of everything stock related.