Comment

Greek Financial Crisis Going Viral

234
darthstar5/06/2010 12:54:21 pm PDT

re: #233 lawhawk

If this is correct, then the PG trades darthstar and I posted about earlier led to program trading - selloffs based on what happened with PG, and sent the market into a tizzy (above and beyond the Greek debt crisis, which I think had been factored into the markets already since most folks figured the gov’t there was going to adopt the austerity plan). Once the computer programs saw the data on PG, they instituted their sell programs accordingly.

Someone’s going to get a spanking over this.