Interesting Reads at Zero Hedge Today (5/6/2010), SPY Lost 9% at One Point

Interesting reading at Zero Hedge today giving the scoop. I'm going to write about $USO/$OVX, $USO puts gone wild, ETF ratios and currencies tonight. EUR/USD fell off a cliff today and is testing support in the descending channel as well as the 1.24 floor. Also at one point today $SPY, the S&P ETF, lost 9% (fat finger?, hedge fund liquidation? or.... weakness ahead for the economy).

$SPY Intraday 5/6/2010 (FreeStockCharts.com)

John Taylor (currency hedge fund FX Concepts) says the Euro is finished - Zero Hedge

Futures Take Out 1,150, Carry Crumbles, Gold On Verge Of $1,200 - Zero Hedge

European Corporate CDS Blowing Out Wider, Xover At 505, HiVol At 152 bps, Public Funding Crisis Becoming Private Again - Zero Hedge

Goldman Out In Full EURUSD Destruction Mode - Zero Hedge

Moody's Sees Contagion Risk For European Banking System - Zero Hedge

Albert Edwards: Don't Buy This Dip - Zero Hedge

Bill Gross' Latest Investment Outlook - Lovin Spoonfull - Zero Hedge