I have to run now and I don't have time for an appropriate response.. Anyway, the post was in response to most of yours this evening which I think were full of hot air... You said the options first... Just to clue you in on Friday there was an U.S. name selling at 2600, and btw the ECB bought the bottom at 2490ish.. I don't think the 2600 moved anything, the Catalonian news did.. Anyway, wasting my time here. Good trading all.
Dislikedyou must have missed the part where I said "spain"... I didn't clarify with Catalonia asking for money, because I honestly couldn't tell if your flippancy was purely rhetorical, or if there was a deeper question there.
But again, I don't trade if I don't have a high degree of conviction, so any reasoning I could give you really wouldn't matter because it wasn't something I was watching closely at the time of the drop.
If you had started with your premise that any speculation/prediction is worhtless in this environment, I would have given...Ignored