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Almost Armageddon - Markets Were 500 Trades From A Meltdown
- nostrademons 18y agoThis seems like hyperbole - 500 trades in the modern stock market is a fraction of a second. No human can intervene that fast. I'd like to see how they figured that.
- cperciva 18y ago500 trades is a fraction of a second if the market is open. The article is pointing out that if the Treasury hadn't intervened overnight, the market would have opened much lower in the morning.
- nostrademons 18y agoHow do they get the 500 trades figure, then?
- rit 18y agoIt's the NY Post, so yes. They're a tabloid who has it in their best interest to panic and frighten people. "Facts" don't come into play at Rupert Murdoch's news outlets :)