The Crash of 2:45 PM (May 6th, 2010)

May 6, 2010 | Filed under: Markets,TG Roundup | Posted by:

I am sure you heard about this intraday crash already. At one point today DOW dropped nearly 1000 points. A typo may have triggered it and high frequency trading may have accelerated it. But…

Watch the backdrop for this steep drop..

Plunging Euro…

Sovereign debt problems at STUPID countries (ex Greece -- thanks to Zero Hedge for this new acronym. STUPID: Spain, Turkey, UK, Portugal, Italy, Dubai.)

Typo for today, maybe. It ain’t over yet!

Chart source: Zero Hedge

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  3. Blame Them Shorts, You Morons!
  4. Greece Bailout
  5. “Ireland is Not Greece, Portugal” Never Believe a Rumor Until it is Officially Denied Edition

2 Responses to The Crash of 2:45 PM (May 6th, 2010)

  2. kanaka May 6, 2010 - 7:51 PM

    STUPID name is cool!