What Wall Street Thinks About Today’s Selloff

Jon Alternative Media, Blogosphere, Religion

Aside from Russian threats, weaker-than-expected Durable Goods, and #Bendgate, here are nine other reasons for today’s sell-off…
Via FBN Securities’ Michael Naso,
Thoughts from the Options Desk and the Technical Desk about this Mornings Action
Month End: It’s the last day for underperforming or performing hedge funds to get names off the books so they don’t show up in quarterly report which equates to selling pressure.
Position Closing: Chatter that there was and maybe still is a massive asset allocator selling equities and buying bonds to rebalance books as the equity move made them a bit too long equities which again equates to selling pressure.
Holiday: There is very little liquidity because of the Jewish holiday making any selling pressure magnified however as of noon the S&P 500 is running 20% vs its 30 day average volume.

This post was published at Zero Hedge on 09/25/2014.