How did the market rally back so quickly on May 6?

Quote from Surdo:

The dimwit that oversold a BILLION dollar basket instead of a MILLION with three extra zeros had to cover his bad short when his boss got back from the shitter.

Markets don't go down/up 750 points in 10 minutes without a black swan event.

You people really need to wake the fuck up or read an occasional newspaper.
More...


You actually believe it was the whole mix up between "B" and "M".

HAHAHAH


Come on, that was just the lame excuse to get people to keep calm.

You dont actually believe that was what caused the market to drop a 1000 points in 15 minutes do you?
 
Quote from Surdo:

Why did it rally back in less than 15 minutes?
Can you explain that one, wait it was the Obama PPT?

Dumb, that is the best you can do, your mother is calling you for Sunday night dinner. Hurry, maybe you'll get another helping of mac n cheese for Mother's Day.
More...

I mean do you genuinely believe it is that easy to sell 16 Billion worth of anything? There are protection measures backed up by even more protection measures at firms with access to that kind of capital. Do you really think that any one trader has access to 16 billion in capital all by his lonesome? Regardless of all that logic, if what you say is true why haven't we had 1000 point drops due to a fat finger before? The algo's that were set into motion by the move have been around for quite a while now. You're telling me that thousands of traders making millions of trades a day have only made this mistake once? Please, its time to be a big boy and look for the truth.
 
market was closed for 30 minutes. between 2:30pm-3pm HFT even shut down all their computers

Quote from gastropod:

Everybody seems to be asking how could the market drop so quickly. My question is: How could it rally back so quickly? The market shaved off like $1 trillion...where did the money come from to buy back the $1 trillion? Was it algos that traded the market back up? I want to know about the rally back: Who, what, where, when, why!

Your thoughts?

-gastropod
More...
 
Quote from gastropod:

Everybody seems to be asking how could the market drop so quickly. My question is: How could it rally back so quickly? The market shaved off like $1 trillion...where did the money come from to buy back the $1 trillion? Was it algos that traded the market back up? I want to know about the rally back: Who, what, where, when, why!

Your thoughts?

-gastropod
More...



Shorts covered and new buyers came in,

End of story. Close thread, haha,

EF
 
You must log in or register to reply here.
Back
Top