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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: bruceleroy1_- who wrote (194834)10/2/2002 4:25:36 PM
From: benwood  Read Replies (2) of 436258
 
That actually happened one time, years ago -- before 1990 I believe -- when a junior trader put in an order for something like 45 million shares to sell rather than 45 million dollars, with just 10 minutes to go in trading, so the DOW just plunged at the close (maybe 1 to 1.5% overall). Back then, it really stood out as an outlier; nowadays, with everybody used to enormous volatility, you could do that and it wouldn't even show up on the radar. Market action the last few months seems like a mugger violently shaking all the change out of his victim's pockets.
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