"Where oil is first found is in the minds of men"
Wallace Pratt (1885-1981)

Sunday, 29 May 2011

Flash Crash of May 6th

Here is another article I found, this time it’s more about the market itself:


This article talks about the oil market drop on May 6th 2011, and how it was all because of computerized flash crashes. A flash crash is a quick point where the stock crashes, in this case it was computerized, and that’s what caused the crash. This article shows how a small error or a little problem can cause bigger problems. These series of small crashes caused a huge impact on the society that week, a noticeable difference in prices

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