Watched (and still watching) history before my own eyes on CNBC!!!

[Change Happens]

Markets dropped 1000 points in few minutes, then came back up about 600 points, all took about 3-4 minutes!

Tune in if you are not already there...Something WAY STRANGE is going on!

CNBC people are freaking out BIG TIME!

[CountAllVotes]

1. PPT to the rescue?

:tinfoilhat:

:dem: :kick:

[skippy911sc]

2. Incredible

I was watching as well and noticed something interesting... it all stopped and started to move back up when they stopped showing the violence in Greece.

[Myrina]

4. Yep, that's the underlying cause.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8285328

[LiberalLoner]

3. I'm watching on MSNBC - watching the Greek riots too - very strange times. n/t

[sixmile]

5. The Hedge Funds are your enemy

They are everything that is wrong with our 'casino' financial system.

[T Wolf]

6. Question is - who is profiting from this latest manipulation of the Dow? You know that

in some paneled board rooms, there are execs raking in millions right this minute.

[xchrom]

7. Not that it would ever happen - but the Financial Powers That Be

Don't want Americans to get angry in the Greek manner.

They prefer the Teabagger way.

[villager]

14. Exactly -- they can use rightwing "populism" to cement their hold on power...

...that is, until they start killing off the Brownshirts within, and other "disloyal" factions, etc...

[Ruby the Liberal]

8. Sell Stops were auto triggered like crazy

Thats my guess.

[DJ13]

10. Just by accident

of course!

Funny, they will void buys at the lows citing "program error", but those who had stops taken out probably wont get the same courtesy.

[Ruby the Liberal]

11. Proctor & Gamble was down 30% at one point.

From 62 to 47. Gotta think a few triggers happened at that point.

[NeedleCast]

9. Not Really Strange

Lots of big brokrages have computer trading programs designed to kick in when certain triggers happen. What you saw was a bunch of computer based trades plunge the market, and then a bunch of other computer based trades bring it back up again.

IMO, trigger-trading should be banned.

[Change Happens]

12. Jim Cramer was on right during this, he was talking about PG (Proctor and Gamble) he said it may be

a good buy on days like this...etc. Then it dropped in one second from $60.00 a share to $47.00, he started saying oh wow, that's a big drop...etc. I would buy 500,000 shares right now...etc. Then about 10 seconds later the stock goes up to $60.00.

It was a drop of $13 billion, then a gain of $13 billion!!! A $26 billion swing in about 10 seconds.

He jocked that whoever did this made tons of the money, and they owe him.

Investigations to follow for sure!

[Pirate Smile]

13. I was watching. It was bizarre. They plunged and then came back in the same short amount of time.

I'm not a fan of hysteria - Economic or Republicans yelling about Miranda or stripping citizenship.

I'm glad this guy is in charge.

[librechik]

15. update, seriously: somebody wrote in a b for billion instead of an m for million

http://www.cnbc.com/id/36999483

just a clerical error

[unblock]

16. looking like it was actually a glitch --someone reported trades in error

just a rumor at this point, no link, sorry.

the p&g plunge looks more like an error in trade reporting than an actual plunge & recovery.