Did a Software Glitch Cause The Market Crash?
May 6, 2010 by Douglas A. McIntyre
Part of the drop that took the DJIA down almost 1,00o points to under 10,000 is being blamed on software glitches at the exchange. Procter & Gamble (NYSE: PG) dropped 21% in a few minutes and then quickly recovered to even on the day. The DJIA ended down 320 to 10,500
Gold was up to a record $1,202. Crude was down almost 4% to $77.11. The 10-year bond traded at 3.39. It appears that worries that the liquidity crisis in Greece may spread to other weak Eurozone economies began the sell-off
Douglas A. McIntyre
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