Another blow to retail investor confidence. Liquidity will further disappear from the markets after this episode.
liquidity will disappear in a blink, if god forbid something serious happens(like 911 type of thing). last flash crash will be a walk in the park. it is the proof that they(DC,SEC,exchanges) didn't' learn anything from previous crash nor accomplished anything to prevent them in the future.
and wtf i'm gonna do ,holding all this s** on margin up to the hilt, if they decided NOT to open today. famous IB's auto liquidation here i come i guess.
The market cannot crash anymore. I move that is too big will halt the markets automatically plus they refuse sell orders. We had one a little more than a month ago. The market was halted for 5 seconds, all sell orders rejected. Then it was business as usual.