One year ago tomorrow was the Flash Crash. Between 2:42 pm and 2:47 pm on May 6, 2010, the Dow lost 600 points.
The WSJ’s Evan Newmark said: “Today’s market was neither orderly nor efficient nor trustworthy. It was just a bunch of computers making ugly, messy love with each other. And your money hung in the balance.”
The next day, Felix Salmon told you it was time to sell your stocks.
Source: Crossingwallstreet
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