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NYSE: "No Technical Problems During Decline"

That's what they're saying...

But take a look at this section from a recap of yesterday's trading in The Wall Street Journal.

Drawing particular attention were stocks that posted far bigger losses than the broad market. At least eight in the Standard & Poor's 1500-stock index fell to a price of one cent per share--essentially a 100% decline. Among them were Boston Beer, Exelon and Accenture.

With Accenture, for example, 20,365 shares changed hands at around $39.98 during the minute of 2:46 p.m., then another 68,516 shares were traded at $38 per share during the minute of 2:47. But then in the 2:49 p.m. minute, 66,277 shares traded at one cent. By 2:50 p.m., the stock was back up to $39.51.

When you look at it that way, it looks like someone hacked the market to make a windfall...

"Blue Horseshoe loves Anacott Steel."

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Comments (13)

No, no negs here. Acceptin ... (Below threshold)
914:

No, no negs here. Acceptin the jipper in chief still swaggers thru life brainless.

This is a bigger story than... (Below threshold)
Roy:

This is a bigger story than the oil in the Gulf. It will end up having legs. I'd wager that someone is going to end up in prison.

"NYSE: "No Tech... (Below threshold)
914:

"NYSE: "No Technical Problems During Decline"

Not to worry, Barrys at the helm!

I wonder: What was George ... (Below threshold)
Tsar Nicholas II:

I wonder: What was George Soros doing yesterday around 2:50 p.m. EST....

And its a 3 hour tour, a 3 ... (Below threshold)
914:

And its a 3 hour tour, a 3 hour tour..

"I wonder: What was Geor... (Below threshold)
914:

"I wonder: What was George Soros doing yesterday around 2:50 p.m. EST...."

Re sketching the lines to his next drawn out memoir, "good little negro makes money for Me".

Ok, I better shut up now. I... (Below threshold)
914:

Ok, I better shut up now. Im getting way to personal.

I'll tell ya what happened,... (Below threshold)
1903A3:

I'll tell ya what happened,one word,SOROS!!

I'll tell ya what happen... (Below threshold)
914:

I'll tell ya what happened,one word,SOROS!!


That's not a word, that's communists linguistics.

"I wonder: What was George ... (Below threshold)
914:

"I wonder: What was George Soros doing yesterday around 2:50 p.m. EST...."

Worshipping Mao Se Tung n groove!

"NYSE: "No Technical Proble... (Below threshold)
914:

"NYSE: "No Technical Problems During Decline"

Yeah right, and Barak is non muslum.

"When you look at it that w... (Below threshold)
wtfo:

"When you look at it that way, it looks like someone hacked the market to make a windfall..."

Nonsense.

This wasn't Soros, or hackers, or some idiot that made a typo (ha, I'd like to see a typo that can travel back in time)

The market went into freefall because everything simply stopped. Everything. This is what happens when volume is half of what it used to be and half of what there is is just computers ping ponging stuff back and forth.

Good explanation here;

http://www.zerohedge.com/article/dissecting-crash

People panicked, you get the start of a crash like we're used to. Automated trading systems racing each other to the bottom, accelerating as the drops trigger more automated selling, until a combination of manual and automated buying. It literally happened in less than 10 minutes, down and up.

I'd like to make $2.6 milli... (Below threshold)

I'd like to make $2.6 million in one second with no risk. That's faster than scratching off a lottery ticket.




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