{"id":2311,"date":"2010-05-11T18:29:30","date_gmt":"2010-05-11T18:29:30","guid":{"rendered":"0"},"modified":"2010-05-11T18:29:30","modified_gmt":"2010-05-11T18:29:30","slug":"on_market_insta","status":"publish","type":"post","link":"https:\/\/marcdanziger.com\/?p=2311","title":{"rendered":"On Market Instability"},"content":{"rendered":"<p>Check this out from &#8216;<a href=\"http:\/\/www.ritholtz.com\/blog\/2010\/05\/a-closer-look-at-the-1000-dow-plunge\/\" target=\"browser\">The Big Picture<\/a>.&#8217;<\/p>\n<blockquote><p><i>But what about the final thrust lower &#8211; the seeming air pocket? We know, thanks to our friends at CNBC who were fixated on this particular stock, that Proctor &#038; Gamble tumbled by over -35% in the span of about 5 minutes. It&#8217;s impossible to tell by looking at a chart of the stock, but when you look at the individual prints you can see that this was not a case in which two or three &#8220;erroneous&#8221; prints marked the tape down to $39 before the stock sprang back to $60. I&#8217;ve got 28 pages in front of me of P&#038;G prints that occurred between $39 and $50 per share and between 2:46 p.m. and 2:51 p.m. At 36 prints per page, that means P&#038;G traded over one thousand times at those &#8220;crazy&#8221; and &#8220;surely erroneous&#8221; levels. I&#8217;m sorry, but that isn&#8217;t an error, <b>THAT IS WHAT WE LIKE TO CALL TRADING<\/b>.<\/i><\/p><\/blockquote>\n<p>&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading glitch explained by a trader&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/posts\/2311"}],"collection":[{"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2311"}],"version-history":[{"count":0,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/posts\/2311\/revisions"}],"wp:attachment":[{"href":"https:\/\/marcdanziger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}