
Episode 198 • • 33:52 - 39:11
198: Things Could Get Complicated
Stock Market Flash Crash and Fat Finger Theory
The May 6, 2010, stock market "Flash Crash" saw the Dow Jones Industrial Average drop nearly 1,000 points in minutes. While mainstream reports blame a "fat finger" trading error at Citibank, the hosts examine audio from the Chicago Mercantile Exchange pit during the collapse. They highlight a massive bet against the market placed ten minutes before the crash as evidence of a coordinated event rather than an accident.
