"Probably nothing..."
Small-cap stocks briefly erased gains, with the Russell 2000 plunging 0.4 percent in less than a minute as volume exploded...
As Bloomberg notes, about 3.84 million shares traded in the benchmark index at 11:51 a.m., more than 10 times the volume in the previous minute.
Trading also surged in futures, with more than 10,000 contracts changing hands between 11:50 and 11:53, 58 times the volume in the previous three minutes.
Mini futures on the Russell 2000 Index fell about 9 points 1,375.9 in a few seconds, while the iShares Russell 2000 ETF slid more than half a percentage point to $137.
* * *
How long before faith in the ETF 'CDO' fails?