Quote:
Originally Posted by Cowperson
Some weird things happened in something now being called The Flash Crash.
Basically, you could have bought Proctor & Gamble at about $40 and sold it for $60, a 50% profit, about 10 minutes later.
Someone apparently was filled on 10,000 shares of PHO at .10 cents and it finished the day at $17.
Fortis in Canada was down 37% at one point.
An examination of those roughly 20 minutes . . . .
http://blog.newsweek.com/blogs/wealt...the-world.aspx
Cowperson |
Have a look at the Photo Essay linked at the bottom, really compelling stuff. As a freshly minted Business Student, I have to say I'm pretty disappointed in the Banking industry and very unsympathetic.
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