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