a thought occurred to me ... anybody else wonder ...

[zbdent]

Did anybody else wonder if there were large numbers of "short" orders (betting that stocks X, Y, and Z would go down) set in place not long before the "typographical error" which caused the DOW to plummet the other day?

[KILL THE WISE ONE]

1. it was an inside job by the gangsters running the banks

and it happened right after the we want to breakup the banks hit

[defendandprotect]

5. Agree . . . how come Congress doesn't know gangsters are running banks?

Seems obvious to me!!

:)

[notadmblnd]

2. I didn;t think of that specifically, but I did wonder if the "mistake"

was a diversion for some other sneaky trick they were playing.

[FSogol]

3. I think it was a cyber attack from a foreign govt. They succeeded and stopped it quickly.

The Government is investigating. :tinfoilhat:???

[Journeyman]

4. Yes, anyone who knew that mistake was coming made a fortune. . .

It reminds me of George W.'s "slip of the tongue" in 2002, when he sent the Yen plummeting.

Speaking to a group in Tokyo, he let slip a statement on "devaluation" and the Yen fell through the floor. Within moments, aides hastily pointed out he meant "deflation" and the value of the Yen returned to its original point. But for those few moments anyone who knew that statement was coming stood to make a fortune, and probably did. The press wrote it off as "yet another Bushism," one of those "endearing gaffes that make him so popular" (remember, this was 2002). But I saw it differently. And ever since, I can only see such "errors" through the prism of BushCo deception and deceit.

[On the Road]

6. It's Public Information

I don't trade options and couldn't find a source of puts and calls history for some of the affected stocks, but if something like that had happenned, I would think it would have come out like i did after Sep 11.

Here's a guy who's pretty solid and has a good long-term track record:

http://blogs.decisionpoint.com/chart_spotlight/2010/05/market-crash.html