[Stock Market Crash] http://www.stockmarketfunding.com Wall Street Capitulation Largest Drop Since 1987 Dow Jones Down 1,000 Intraday. [Stock Market Crash] Watch how stocks get washed out AAPL, GOOG, RIMM, CME, PCLN, FSLR, ISRG, MA, GS and more with huge intraday drops ans bounces.
Stock Market Crash: Wall Street Capitulation Largest Drop Since 1987 Dow Jones Down 1,000 Intraday. [Stock Market Crash] Watch how stocks get washed out AAPL, GOOG, RIMM, CME, PCLN, FSLR, ISRG, MA, GS and more with huge intraday drops ans bounces. [Economic Collapse] [Economic Collapse] Biggest Drop in the History of the Dow Jones Industrial Average [Stock Market Crash]
The May 6, 2010 Flash Crash also known as The Crash of 2:45, the 2010 Flash Crash or just simply, the Flash Crash, was a United States stock market crash on May 6, 2010 in which the Dow Jones Industrial Average plunged about 900 points—or about nine percent—only to recover those losses within minutes. It was the second largest point swing, 1,010.14 points, and the biggest one-day point decline, 998.5 points, on an intraday basis in Dow Jones Industrial Average history.
On May 6, US stock markets opened down and trended down most of the day on worries about the debt crisis in Greece. At 2:42 pm, with the Dow Jones down more than 300 points for the day, the equity market began to fall rapidly, dropping more than 600 points in 5 minutes for an almost 1000 point loss on the day by 2:47 pm. Twenty minutes later, by 3:07 pm, the market had regained most of the 600 point drop.
After almost five months of investigations, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint report dated September 30, 2010 and titled "Findings Regarding the Market Events of May 6, 2010" identifying the sequence of events leading to the Flash Crash.
The joint report "portrayed a market so fragmented and fragile that a single large trade could send stocks into a sudden spiral,"[8] and detailed how a large mutual fund firm selling an unusually large number of E-Mini S&P 500 contracts first exhausted available buyers, and then how high-frequency traders (HFT) started aggressively selling, accelerating the effect of the mutual fund's selling and contributing to the sharp price declines that day.
The SEC and CFTC joint report itself says that "May 6 started as an unusually turbulent day for the markets" and that by the early afternoon "broadly negative market sentiment was already affecting an increase in the price volatility of some individual securities." At 2:32PM (EDT), against a "backdrop of unusually high volatility and thinning liquidity" that day, "a large fundamental trader (a mutual fund complex) initiated a sell program to sell a total of 75,000 E-Mini contracts (valued at approximately $4.1 billion) as a hedge to an existing equity position." The report says that this was an unusually large position and that the computer algorithm the trader used to trade the position was set to "target an execution rate set to 9% of the trading volume calculated over the previous minute, but without regard to price or time."
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Man, That's sure one day I wont forget. What a ride!
smfstreet 1 month ago
@smfstreet we had a blast and that really rattled a lot of cages
StockMarketFunding 3 weeks ago
Calm down! It's only going to get worse.
virtualwebman 1 year ago
@virtualwebman they get worse yet markets go higher lol
StockMarketFunding 3 weeks ago
Al Pacino? trading?
banjop84 1 year ago 4
@banjop84 haha, we get that a lot :-)
StockMarketFunding 3 weeks ago