Did a Software Glitch Cause The Market Crash?

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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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