Quote:
Originally Posted by JP-pornshooter
amazing the woes from Greece can make such impact.
gold is spiking as well..
market has done very well this year so far..
i could be wrong but i have a feeling it is not just Greece, it may well be the notion that many nations including US is overly in debt and is inching closer to the proverbial cliff...
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on NPR last night they said it was an input glitch of some sort.
they said" what happened was someone put in a huge sell order, this trigger tons of stop limit orders (these are limit you set online to safeguard your loss, say if a particular stocks hits 22 then it is sold off right away.. many traders work with stop loss triggers (not me))"
they also said some of those trades from yesterday would be invalid.
this morning, nobody says anything.. WTF???