Stock Market Flash Crash, May, 2010

[errolanderson]

https://www.youtube.com/watch?v=E1xqSZy9_4I

Fascinating S&P pit trader audio of the May, 2010 flash crash. Could it happen again?

[farmaholic]

That is nothing but a panic.... Falling knife, that no one wants to attempt to catch, it lands and everyone wants to pick it up.

The audio reminds me of a reverse auction. And like any auction, it creates a sense of panic and urgency....

Sounds and looks and creates an over-reaction.

But wtf do I know.... if the bubbles are bursting....!

[sumdumguy]

We are long overdue for a stock market crash. I remember every 7 or 8 years there would be Black Friday. Ides of March, etc. Usually March and September but I don't remember a May crash, but there's always a first time, I guess.

[errolanderson]

Brazil stock market, Real currency plunged overnight . . . impacting soybeans today.

Strap-in . . . VIX index coming out-of-hibernation