Page 23 - Flash Crash News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This morning. twitter almost ruins a rally. unbelievable, the power of twitter. >> and the power of the market, how quickly it responded. you might remember the flash crash in 2010. it was 700 points. the market just fell for no reason. something happened yesterday that wasn't as big but also as con founding, and it already has a fun name. some calling it the tweet retreat. the associated press says its twitter feed was hacked, and it posted a tweet there was an explosion near the white house. i'm not going to show you that tweet again in part because i don't want to freak anybody out. that ha...

Problem. that human error caused the big dramatic plunge. maybe somebody added an extra couple zeros to an order or something. that didn't end up being true. the securities and exchange commission spent months looking into what happened and issued a report that showed a perfect storm of conditions. it was an unusually turbulent day already for the markets driven mostly by stuff going on in europe. there was one really big trade, on purpose, legitimate trade that added to the volatility. structurally they said the quick trade nature of the markets essentially massively augmented the damage that...

That human error caused the big dramatic plunge. maybe somebody added an extra couple zeros to an order or something. that didn't end up being true. the securities and exchange commission spent months looking into what happened and issued a report that showed a perfect storm of conditions. it was an unusually turbulent day already for the markets driven mostly by stuff going on in europe. there was one really big trade, on purpose, legitimate trade that added to the volatility. structurally they said the quick trade nature of the markets essentially massively augmented the damage that was caus...

They're watching procter & gamble stock go off the cliff. >> p & g is now down 25%. >> if that is true, if that stock is there you go buy it. it can't be there. just go buy proctor and gamble. just go buy it. >> is this a fund liquidating? >> stompcks go boink and then bk up. the markets still were down 300 points today but at one point down more than a thousand points. nasdaq and the new york stock exchange ultimately late in the day decided to do something amazing, to cancel, annul all of the trades that took place in that crazy moment. they decided to annul all of the trades between 2:40 p....

>> is this a fund liquidating? >> stocks go boink and then back up. the markets still were down 300 points today but at one point down more than a thousand points. nasdaq and the new york stock exchange ultimately late in the day decided to do something amazing, to cancel, annul all of the trades that took place in that crazy moment. they decided to annul all of the trades between 2:40 p.m. and 3:00 p.m. eastern. if those trades showed a fluctuation of more than 60% of what they were before the flash crash. what on earth happened today? the 2010 flash crash. what on earth did happen that day? ...