The financial press are commenting on how the Dow fell “only” 3% today.
US market regulators announced an investigation into “unusual” trading activity.
Some people say that it was caused by a human error (that somebody put in a “billion” instead of a “million” when typing in a sell order) but I don’t think so. And neither does this article.
I don’t think today’s fall was “unusual” at all – from my post yesterday, I thought it was pretty damn obvious that the market was going south.
I knew I should have shorted when I saw it coming, but I’m currently out of the market. (Which may have been a good thing – what if my system was long?)