spike
New Member
$1 trillion question mark hangs over Wall St.
Focus appears to be on how high-speed trading networks function
A day after a harrowing plunge in the stock market, federal regulators were still unable on Friday to answer the one question on every investor’s mind: What caused that near panic on Wall Street?
Through the day and into the evening, officials from the Securities and Exchange Commission and other federal agencies hunted for clues amid a tangle of electronic trading records from the nation’s increasingly high-tech exchanges.
But, maddeningly, the cause or causes of the market’s wild swing remained elusive, leaving what amounts to a $1 trillion question mark hanging over the world’s largest, and most celebrated, stock market.
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The initial focus of the investigations appeared to center on the way a growing number of high-speed trading networks interact with one another and with venerable exchanges like the New York Stock Exchange. Most investors are unaware that these competing systems have fractured the traditional marketplace and have displaced exchanges like the Big Board as the dominant force in stock trading.
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http://www.msnbc.msn.com/id/37032532/ns/business-the_new_york_times/
I know jimpeel is trying to blame it on Obama's policies but that's just crazy. It would have to be some policy that was in place for 30 minutes.
It is crazy that they don't know what caused it yet though.