Subject: Unintended consequences Stock Market

Posted by Richard Turnock on 5/7/2010

Message:

"But the circuit breaker mechanism that was designed to cool traders' heads had the opposite effect: The slowed trading occurred at a time that investors were growing increasingly worried about Greece's debt issues and other economic factors. The Dow, which was already down about 200 points at the time, quickly dropped about another 200 points in the 15 minutes between 2:30 p.m. and 2:45 p.m."

http://money.cnn.com/2010/05/07/markets/explaining_wall_street_turmoil/index.htm?eref=igoogle_cnn

Richard

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