Remembering the 2010 Flash Crash

[tsptalk]

Yesterday (12/20/23) was nothing like what we saw in 2010 flash crash, but it brought back memories. Shall we go down memory lane?

The 2010 'flash crash': how it unfolded

In a matter of minutes the Dow Jones index lost almost 9% of its value – in a sequences of events that quickly became known as “flash crash” . Hundreds of billions of dollars were wiped off the share prices of household name companies like Proctor & Gamble and General Electric. But the carnage , which took place at a speed never before witnessed, did not last long. The market rapidly regained its composure and eventually closed 3% lower.

The 2010 'flash crash': how it unfolded | Stock markets | The Guardian