"The panic in the middle of the day was market makers that just disappeared, and every machine on Wall Street was trying to sell into a market that didn't exist. That was a bizarre electronic quant panic of people selling into a black hole. I don't know if somebody pressed the wrong button, but the intraday was a panic machine-led move," said Peter Bookvar, U.S.
Published: May 1, 2010
Europe 's Web of Debt
Banks and governments in these five shaky economies owe each other many billions of euros — converted here to dollars — and have even larger debts to Britain, France and Germany. Arrow widths are proportional to debt amounts. Related Article »
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