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Five minutes before 3 PM eastern we got word that there were explosions.
At the Boston Marathon finish line at that point traders.
Who were on the floors of both the New York Stock Exchange and the Chicago -- and immediately started reacting.
Even though -- at the same information as the rest of us the bark at gap down on just about every level Scott shall lady who has a trader at the CME and -- very very good friend of the Fox Business Network was right there when this all happened Scott you're still there now.
What was it like when you were on the CME floor and you heard the news.
But we are actually pretty involved with a marketing and when it came out we clearly saw about break of I don't know how X percent was -- -- the S and the index was down pointing.
When the news came out and immediately shot down to thirty.
That's when we all wondered what we're gonna what was happening in the news came across so in times like this you'll see.
Equity markets do what they did we kind of rallied back but still people were very uneasy about taking those positions home.
Plus we've come from some pretty heady highs too so we're kind of got a perfect storm.
And -- the same time we saw a lot of money -- those bonds so we -- our bond market rally as well with those yields falling so a classic panic panic trade here towards the end of the day.
Not a surprise when you seen this explosion and I believe that that was the second one out camera but it's -- -- but.
Then when this second explosion you'll actually see the flames from the ignition of the device.
Gates further down the street it's far off when we show that -- will see that's the first expression by the end see the second why.
And you can still see there does there artists on the far left corner you see that second explosion with there you go with the smoke.
To the right of the first explosion.
And you do you writers didn't quite understand what was happening you see all of these runners continuing to run and then you had.
-- the police come and try to clear the area almost immediately just so you know what the finished one there are bleachers lining the sides but they keep the sidewalks open because there are many businesses along that Westin street route.
Scott I'm curious I know that a lot of people who work at the CME a lot of traders though cross country are going to be watching.
You know after market trading what is it in particular they're going to be looking for.
Well you know who who do you know -- -- where does this come from who's responsible.
How big could it be.
-- have -- things are gonna always Raila traitor because traders like to think that they've got their fingers on all the information and we like to make.
Trading bets on the fact that we think we have an -- that way but you know what when these things happen.
Everybody -- nothing and that really -- the markets so you'll probably see if we don't have any clear answer about what was going on today you'll see these markets.
Also you -- trade lower again but you have to remember.
We're -- we're coming from pretty high markets anyway so that's kind of a double whammy so high markets are ready they're going to be people taken money off the table here because we just don't know and when we just don't know we.
Go to camp indeed and that fear trade -- who is definitely in play with the vick's jumping more than 36%.
Scott at last check -- sought up in the forties about 40% to the upside.
-- 43 point 2%.
Was the final jump there seventeen point 27 for the six.
But again and we we need to see the Asian markets first react you saw the fear trade jumping into -- took treasuries which jumped in price and fell in -- Pretty precipitously.
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