May 6, anniversary of 'flash crash'

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

EternalHoH

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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."

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

pahunkboy

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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.

(in reply to EternalHoH)

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