strange end of day action
today in the very last minutes of close some strange selling off occured in many big names.
BAC dropped 3% in the last minutes, finishing down for the day at 11.21 after being 11.50 just minutes before close.
DOW dropped more than 4% in the last few minutes finishing well down for the day at 17.10 after being 17.80 with just minutes to go.
WFC gave up 2% in the last couple minutes and finished down.
USB gave up 2% in th elast couple minutes.
MS gave up 2% in minutes.
GS dropped almost 2 bucks in the last couple minutes.
JPM dropped 4% in the last 15 minutes of trade.
And on and on. Somebody took a big nasty short out on financials at the end, or closed out a big long position or something. I've not noticed anything quite like this before.