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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: DebtBomb who wrote (246988)5/6/2010 4:57:06 PM
From: LTK007Read Replies (1) of 306849
 
Edit:NYSE CEO is giving an HONEST interview by saying the PLUNGE was NOT a computer glitch AT ALL--reason was NYSE put out its rule NO trades for 60 seconds, BUT this is a rule that is NOT followed by all, and in 60-90seconds the wildcat super trading machines kept selling, but with NYSE others on stoppage, the market PLUNGED on the then much lower volume of the programmed wildcat machines looking for buyers that MANY were in fact in a 60second stoppage.
And then circuit breakers slammed in, and and relative control came back.
He said it was NOT an error, a mistake, it is the inherent DANGER of electronic trading.Max
Regards Accenture that went from 41 to 1cent in this plunge, somebody is making a MASSIVE killing, with an electronic master attack in moments--they could have in a second made many miliions of dollars. Max
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