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According to CNN it "might" have bee a computer glitch causing a huge volume of trades and corresponding panic that followed pushed it further down. Things see
by spif 16y ago
According to CNN it "might" have bee a computer glitch causing a huge volume of trades and corresponding panic that followed pushed it further down.
Things seem rather stable at -4% now...
- spif 16y agoFollow the action live on Google Finance (one of the few finance site still working): http://www.google.com/finance?q=INDEXDJX:.DJI http://www.google.com/finance?q=INDEXDJX:.DJI
- CWuestefeld 16y agoFrom the BBC: http://news.bbc.co.uk/2/hi/business/10101581.stm http://news.bbc.co.uk/2/hi/business/10101581.stm "This is an electronic market where bids can be cancelled at the flick of a button, and everyone cancelled at the same time," said Joe Saluzzi, of Themis Trading in New Jersey. Does this make sense? With the time horizons that today's programmed trading operates at, is this really a reasonable explanation?