Market Glitch Or Fundamentally Flawed?
Thursday, May 6, 2010
There you have it: Glitches send Dow on wild ride
How?
Ok, yes there was a glitch but besides the glitch what was the market really saying?
Think about it.
The net is now flooded with articles on what had transpired. The two great articles posted that I would pay attention is: The Day The Market Almost Died (Courtesy Of High Frequency Trading) and PLUNGE! 1987 Style - Sudden Drop in US Stocks Driven by Program Trading and a Ponzi Market Structure
Give both of them a good read.
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