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Why did I bother reading the article? As usual, the answer to a question posed in a headline is "no". To avoid wasting your time, skip to the end. At some poin
by bensummers 16y ago
Why did I bother reading the article? As usual, the answer to a question posed in a headline is "no".
To avoid wasting your time, skip to the end. At some point near the beginning of the crash, Apple's stock dropped by 23% through causes unknown.
Good to see the headline on HN has been corrected now.
- cturner 16y agoAs usual, the answer to a question posed in a headline is "no". Reading this comment makes me stop and consider whether we were reading different articles. He correlates three significant factors, showing the nasdaq cash index as the source of the decline, and then points to a major event occurring just before that which would explain the nasdaq decline. Near the end the writer says, "If a large trader(s) precipitated the market crash on May 6, Apple was the vehicle." This was a thorough, well-written piece! It doesn't come to a definitive conclusion, but there's a lot more content in it than anything else I've seen on the blip.
- bensummers 16y agoThe (original) headline asked the question "was it Apple's fault?" The answer is no. I cannot believe that Apple would do anything intended to lower their stock price.
- cturner 16y agoAh, yes. Sorry about that. Your timing was very unlucky to catch it as I think that version of the headline only lasted for a minute or so before I changed it to the corrected one.