"Every time markets crater, there is never a lack of liquidity." To me this just reeks of misunderstanding of what happened last Thursday. The 20 minute nosedi

"Every time markets crater, there is never a lack of liquidity." To me this just reeks of misunderstanding of what happened last Thursday. The 20 minute nosedive was largely due to a lack of liquidity--bids just disappeared in most markets (hence trades that happened at 1c).