In light of the Knight Capital algo gone wild that cost Knigh $440 million, below is a walk down memory lane and the audio of an S&P 500 trader quoting the action that was taking place in the futures pit in Chicago at the CME on May 6, 2010. The market lost nearly $1 trillion within minutes and then recovered most of the losses. The DJIA and S&P 500 futures fell 10% intra-day.
(Via Daily Bail)
Wow, that was exciting!
ReplyDeleteI was out in the Bahamian boondocks at the time and missed the whole thing.
Thanks for the "Flash" back har har.