Stock Market Crash 5/6/10 (Live Panic!) Incredible!!

[FatLibertarianInOkc]

I don't watch CNBC very often but THAT DAY I was watching live as it happened. It was surreal. I thought "THE CRASH" was happening.

[a00120002]

10/13/2008 CLOSED at 9387.61 CHANGE of 936.42 , 10/28/2008 CLOSED at 9065.12 CHANGE of 889.35... Both days roughly 11% losses

[daven58100]

Reminds me of "Trading Places".

[daven58100]

I'm sure the high rollers that initially sold huge chunks of stock to start the fall-off bought it back at the end and made a bunch of money.

[kevinusma]

There goes your 401K!

[wanderingeyes11]

that was only a sample of what we WILL see in 2011

[Cool7ism]

The BIGGEST 1-DAY Drop Intraday low ever in the Stock Market History -_-

[Z0mgZ0mbies]

Odd that on the day the Senate was voting to audit the fed the stock market crashes this bad.

[AmericanWarfare]

Obviously George Bush's fault....

[Cool7ism]

@AmericanWarfare WTF George Bush's fault (un) George is not even President anymore WTF make you think it is George Bush fault (d)

[ajgolfer1]

@Cool7ism george bush steals my garbage everyweek

[Pendrokar]

@AmericanWarfare

Even with engaged wars, it was hardly his fault. You just want it easy to blame just one person.

[flyem00]

The Exchanges are terrified of Algo and flash trading under a microscope as this would affect their bottom line. After all CME group for example is a publicly listed company and they make their money off of trading transactions. A fat finger error was the most laughable pathetic lie to avoid scrutiny for Algo trading. The moves from last Thursday to today in my opinion may eclipse even Bernie Madoffs Fraud.

[TOROBUITRE808]

the guy in the pits sounds like he's calling the Kentucky Derby!! lol

[greenhell666]

TROLOLOLOLO LOLOLO LOLOLO !

The market is your god a-holes! XD

[taineasy]

The markets are setting up like they did in 1930. Those who got back in after 1929, in what turned out to be the preamble for the BIG CRASH that came after got slaughtered. If you are in stocks or mutual funds of any kind that own equities get out while you still have the shirt on your back.

[dave997]

this crash wasn't a "glitch" or "error" we've had a HUGE rally the last year and a half and this was everyone stampeding to the exit at once and the hedge funds taking out all the stop losses to buy at the bottom. We will get a nice relief rally monday because of the EU emergency rescue fund that materialized over the weekend.

[kardentyrell]

this plunge has been coming for a while now, not a real suprise.

[JP5466]

I LOVE to see those CNBC talking head, market pumping cheerleaders scared to death! Their faces were all white as ghosts. Prob all went home with shit marks in their pants that day. Quite different from the "buy, buy, buy" bullshit they spew on that channel everyday huh? -LMAO!

Wake up people! - the stock market is totally bogus. Everyday CNBC tries to sell you a shit sandwich. When will the sheeple stop listening to these morons?

[klard]

@JP5466 : You are exactly right. These ups and downs are manipulated so the insiders who create the move can take another huge bite of cash out of everyone's retirement.

[HughGeeRekshin]

@JP5466 LMAO, you said it. They are a propaganda wing for the government

[boston65boston65]

great video, thank you for posting

[28318511]

: Jeez, so glad I'm a poor man rich in life's bounty. That guy sounded like he was going to burst a blood vessel.

[Hopefl1]

Cool

[charlesfuchs]

The CFTC put limited causing this to happen... Manipulation!!

[infospill]

the wrath is written

[joshrain1]

lol.

[0PsycoDad0]

The Goldman book coocking agency online, eh?

Currecy swaps rock the market, i bet the USD/JPY blow was due to chinese dealing with the japanese off the dollar, good bye fiat!

Absolutely nuts!