Thursday, May 06, 2010

1500 point Dow swing = what a day

As Aiki14 (Jim Gobetz) noted on Twitter today, we saw a 1500 point move in the Dow Jones Industrial Average during one part of the day. If that's not enough to get your attention, I don't know what will.

Here's today's Market Wrap from Bear Mountain Bull with the closing figures and some thoughts on rumors of HFT madness and a "fat-finger" futures trade on Citigroup's trading desk, which supposedly contributed to (or drove) this US market decline.

Also, FT.com has the global markets view, covering everything from the day's VIX spike to Greek riots, while Stocktwits TV will be airing a show later this evening, with Howard Lindzon and friends discussing the day's action. So check that out.