May 6, anniversary of 'flash crash' (Full Version)

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EternalHoH -> May 6, anniversary of 'flash crash' (5/5/2011 5:15:40 AM)


http://www.reuters.com/article/2011/05/05/us-flashcrash-anniversary-idUSTRE7442EM20110505

This week, Schapiro said the steps taken "go a really long way toward fortifying our market structure," though she added: "Can I guarantee we will never have another flash crash? No."






pahunkboy -> RE: May 6, anniversary of 'flash crash' (5/5/2011 9:30:52 AM)

All they have to do is vote on Glass Stegall-- and there will be another flash crash.

IMO--  I doubted any reform after this- due to computer trading.  A computer can click trades faster then you or I-  and it makes the house money.   So of course the house wont get rid of it.

However- the flash crash was a moment- that people should have noticed- and if someone takes a loss- then they had their warning.  The big boys are not going to coddle anyone.   The game is rigged.




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