The best commentary I have read so far is from Phil's stock world: This is everything that is wrong with program trading in a nutshell and I am telling you tha

The best commentary I have read so far is from Phil's stock world: This is everything that is wrong with program trading in a nutshell and I am telling you that this was a multi-billion dollar crime. Someone "fat-fingered" Billions of shares instead of millions and that’s all it takes to send the markets down 10% in one day and the only reason trading didn’t shut down was because Mr. Fat Finger just so happened to make his mistake minutes after the usual trading brakes come off at 2:30. What a friggin coincidence, right? Well, bad luck to all who got wiped out and what a funny stroke of luck for those with multi-billion dollar shorts (including us fortunately so we shouldn’t complain too loudly). It’s amazing what "THEY" get away with right in front of us, in broad daylight….