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Was It A Mechanical Problem With The Market Or Not?

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Me. Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 10:19 AM
Original message
Was It A Mechanical Problem With The Market Or Not?
I am not buying that explanation as it seems so convenient. What do you think?
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 10:23 AM
Response to Original message
1. Which effect are you trying to explain?
Edited on Fri May-07-10 10:24 AM by Kurt_and_Hunter
Stocks were down big yesterday on merit. Yesterday would have been a very bad day for the markets even if everything had worked perfectly.

However, the few minutes where the dow went from -400 to -1000 and back to -400 were about an electronic trading issue.
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althecat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 02:18 PM
Response to Reply #1
2. There is no longer an accepted explanation for what happened ysterday...
Its a mystery...
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