Too Many Bears - The Big Picture
Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media
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Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media
Citigroup said one of its traders made an error when inputting a transaction, which triggered an 8% slide in Swedish stocks.
Citigroup, the US banking giant has said that one of its traders committed an error in the stock market "flash crash" in Europe, said local media reports. An extremely fast fall in the price of one or more assets is called a flash crash. This is often caused by a trading mistake. After the flash crash, trading was halted in several share markets on Monday. Nordic stocks were hit the hardest, while other European indexes also plummeted for a short time.
The pound moves in an eight-year cycle, says Dominic Frisby. And in its latest cycle, it may have nowhere to go but down.
Our View Expanded Ranges “These are not our father's markets or charts.” I didn't make up the term, but I sure helped coin it. I did a