The Mystery of the Stock Market Flash Crash - YouTube
Few comments:
1 When the algos run amok one should get a good idea how the market might react
2 Fear and greed, don't get overly excited and hysterical like the commentators in the videos.
3 Algos are made by humans, and like humans they are prone to insanity=doing something that you know is wrong but still doing it anyway...
Labels: commodities, fcpo, fkli, index futures
posted by emacro @ 12:57 AM
1 comments
1 Comments:
The stock market took a tremendous plunge in a matter of minutes, sparking fears that the recovery we’re seeing in the economy had all been undone. But miraculously, and very suspiciously, the market skyrocketed again and all was fine. We were told that the so-called flash crash was merely the result of a trader with fat fingers who hit the wrong buttons. But Congress isn’t so sure about this, and the timing of the crash coincided with a vote on a bill that would have broken up the big banks that caused our financial meltdown. Mike Papantonio talks with blogger David DeGraw, who has testified before the House Homeland Security Committee in recent weeks to give information about how this crash could have been the work of financial terrorists.sell structured settlement
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