Page 21 - Flash Crash News Today : Breaking News, Live Updates & Top Stories | Vimarsana

When i first got hired by goldman sachs, someone asked if i had questions? i said yes. how does a stock go from nine to ten. the guy interviewing me picked up a phone and said by 50,000 stride rite. take it to ten. it was at $9. because of that incredible rushed order it started moving and moving and moving. it's all about why someone buys something very aggressively or sells aggressively and how you can benefit. that's what happened with the flash crash. we went down 1,000 points in a couple minutes so orders overwhelmed the buyers. it's still about supply and demand. >> reading that part of ...

Thinking of putting some controls in place here to prevent another flash crash of the kind we saw back in 2010. elsewhere, moody's concerned about a drop in enrollment in higher education in the u.s. the first time in six years this has happened. they say it could put the squeeze on college budgets and we know the states are not raising their budgets, so that could be of concern to some of those institutions. and apple, big news today. we're waiting on an announcement. we're expecting a lower-priced colored handset from apple. possibly with some new fingerprint technology. those shareholders...

>> we know, at least the nasdaq got ahead of naming its latest flubz. a flash reads. it sounds so much better than flash crash. this is still kind of sickening. i don't know of a three hour shutdown counts as a flash in anything or reassuring investors it could have been a whole lot worse. i don't know. not encouraging. >> this is really bad. the biggest culprit is the securities and exchange commission which two, three years after the flash crash, remember that when prices floated and in 30 seconds. i don't remember how fast and how far. they've done almost nothing about market structure. we ...

Wrote a book "circle of friends" the more you say this, a smaller and smaller circle. like two people. >> yeah. i will say this, though, you know, the securities and exchange commission needs to step in right now. they need to step in and do it like a blue ribbon study about our markets and whether they're working, whether they're functional and whether they're good for the small investor. you know, small investors are not engaged in this market not because of insider trading. they are worried about facebook blowing up and something like this. >> you have investors and you deal with this for a...

Smaller and smaller circle. >> yeah. >> like two people on your rolodex. >> then i'm pissing them off. >> pretty much. >> you know, i will say this though. the securities and exchange commission needs to step in right now. they need to step in and do a blue ribbon study about our markets and whether they're working, whether they're functional and whether they're good for the small investor. small investors are not engaged in this market not because of insider trading. they're worried about facebook blowing up or something like this. >> you have investors that you deal with this for a living. d...