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Originally Posted by justplugit
Combination of Greece and some reported glitch in the SM system.
In Greece, "the chickens have come home to roost." Time to pay the piper.
Entitlement program costs are taking out more $$ than the Govt. is taking in.
A lot like our politicans spending habits.
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Yeh we're about 10 years behind France and Germany, which are 10 years behind Greece and Spain.
Nasdaq Says Investigating Erroneous Trades After Market Plunge
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May 6 (Bloomberg) -- Nasdaq OMX Group Inc. said it’s investigating potentially erroneous trades involving multiple securities between 2:40 p.m. and 3 p.m. New York time, when the U.S. stock market tumbled.
The Dow Jones Industrial Average plunged almost 1,000 points today before paring its decline and ended down 347.80 points, or 3.2 percent, at 10,520.32. About $700 billion of U.S. stock-market value was erased in less than 10 minutes, data compiled by Bloomberg show.
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Interesting. Glitch? Hack? Probe?
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