The index started selling from 1 P.M. Moody came out with its comments at 3.30 P.M. Does it make you wonder, who else knew about the Moody statement?
May be I am taking the rigged market theory too far, but when we see big players buying premiums before dumping, I get suspicious.
In times like this, it is better to stand aside and be in cash. It is said that bulls make money, bears make money but pigs get slaughtered. Lets not be greedy pigs.