May 6th Falsh Crash

Recently SEC released a report on the causes of flash crash on May 6, 2010. The report can be found here. They attributed the source of the crash to a single trade made by a mutual fund Waddell & Reed Financial of Kansas (not named in the report). The news can be read here.

Now, Nanex analysis suggests that this does not provide us with a complete picture and W&R most likely did not cause the crash. Interesting read overall!

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