I was watching the futures and there was no gap there. I notice when YM was around -400 that cnbc was quoting dow around 250 and wondered what was going on then they suddenly caught up.
eh? It wasn't bad. The DOW 30 prices fell that fast. Didn't you see the DOW recover 200 points after the fall?
the market dropped in response to the indu quote which was corrected @ 3pm. People wrongly assumed that the mkt had just gapped dwn. IB quote had the indu quote correct all day fwiw. Reuters, cnbc, online quotes were all wrong til 3pm.
It was China. Where are you guys sticking your brains? Up your butt? Have the basic drivers of markets eluded all you fools in your fear of computer algorithms? My money is good old fashioned fear making these morons who program systems puke their little stoopid guts out all over the market so I can take their money. VIVA AUTOMATED TRADING. The clever HUMAN with discretion and objectivity wins hands down every time. Keep coding kids.