Detailed text transcripts for TV channel - FOXNEWS - 20100507:23:03:00
Cliff. guess what? when one of these program trade happens, another happens. it's like lemmings falling off the side of a cliff. the dow was down 5.7%. the nasdaq down 8%. look at that, wiping out all the gains we have had so far this year. >> shepard: there is some talk that some trading firms actually pulled the plugs on their own systems to avoid getting caught up into this mess. the computers really do have thatch power, don't they? >> i'm telling you you have no idea how much these computers are important in trading every day. there is something out there called high frequency trading. th...
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