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

Posted By: Admin May 6, 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..

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

About the Author

Admin

I am a professor by trade and 100% pure Gongura Gulute by birth. I believe in “survival of the fittest” mantra, but my philosophy is to “live and let live.” Therefore, I am at neither extremes of the political spectrum. I am an independent and I love it that way.

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

Srinivasa | May 19, 2010 at 6:23 PM |

Listen to this interview to know the reason why it went down.
kanaka | May 6, 2010 at 7:51 PM |

STUPID name is cool!