OT - The Flash Crash of May 6, 2010

[Bill]

Last night the stock market Flash Crash came up. I said I would post
some links to help explain some of the nonsense that went on. Here
are two links:

http://www.nanex.net/FlashCrashFinal/FlashCrashSummary.html

Here's an earlier report that shows the "quote stuffing" graphs that I
described (see Part 4 of the following link):

http://www.nanex.net/20100506/FlashCrashAnalysis_Intro.html

Remember, those graphs in Part 4 are supposed to be bid/ask quotes
from a lot of different people (random). "Bandsaw", "Barcode",
"Knife", or any other pattern that you might want to name is really
comical. As a programmer, if you're going to screw the system,
shouldn't you be a little less obvious?



Bill