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The Armageddon Letters

The Armageddon Letters

James G. Blight

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Tag: Hedgefund

Wikimedia Commons

The Sale That Dropped 600 Points

We knew capitalism was crazy, but it turns out it took only a single sale of $4.1 billion in futures to put into motion a series of events that culminated in the “flash crash” of May 6, during which the Dow Jones dropped 600 points in just a matter of minutes.

Posted on Oct 1, 2010 READ MORE

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