Waddell & Reed Trades Said to Have Helped Trigger May 6 Crash

[Parsad]

Bloomberg reports that E-Mini trades executed by Waddell & Reed may have contributed to the May 6th “Flash Crash”.

 

http://www.bloomberg.com/news/2010-09-30/waddell-reed-e-mini-trades-are-said-to-have-helped-trigger-may-6-crash.html

 

Cheers!

 

[JEast]

Jonathan Hoenig from Capitalistpig has little faith in the SEC report.

 

That’s pure bunk, especially since more than half of the supposedly destructive order was executed as the market rallied, not in advance of it’s decline.

 

http://www.smartmoney.com/investing/stocks/how-to-kill-a-stock-market/

 

 

Cheers

JEast