A possibility that is hard for me to escape:It was a...

A possibility that is hard for me to escape:

It was a co-ordinated predatory global short play that reasoned if we're big enough we can push through any resistance and make a killing on the downside. It got on a roll and exceeded greedy expectations, helped along by gormless institutions who were content to sit on their hands once any support lines were breached.

It had the added advantage of forcing Bernanke's hand on QE3.

It was always going to be reversed by the Aug 9 meeting at which point it would become easier to make a killing on the upside???

The suddenness of the reversal near the end of day has left large numbers of market participants stunned and asking what just happened and questioning why they have anything to do with what has become a joke.