From NBCNews: "Rather than being simply a one-off event that Wall Street
could write off as an aberration, the first Flash Crash now looks like it was
just the opening warning shot of what was to come. In 20 breathtaking minutes that happened three years ago
Monday, the stock market saw the Dow Jones Industrial Average lose nearly 1,000
points, only to rebound just as quickly.
"Academics and market experts have pondered the cause and
effect of the event since, and market circuit breakers have been used to good
effect at least to stanch any similar events before they have gotten out of
control. But indeed there have been
numerous subsequent flash crashes, none as dramatic as the initial one but each
a reminder that a certain dynamic has been changed in the stock market, likely
on a permanent basis…"
Read all about it at http://www.nbcnews.com/business/flash-crashes-are-here-stay-get-used-them-6C9791172
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