The Infamous Stock Market Flash Crash | CNBC

The Dow Jones Industrial Average slumped nearly 1,000 points in a matter of minutes in the flash crash of 2010, sending traders into a panic and inciting scrutiny of the U.S. equities markets.

About: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online!

The Infamous Stock Market Flash Crash | CNBC

[Caek_daddy]

Somebody on their TD Ameritrade account just placed a market order instead of limit. No big deal really.

[CNBC]

Four years ago today, the stock market experienced hell.

[hyperxx]

The wealth wasn't wiped out, it was transferred to the top.

[brendansmith]

This was the best day to buy stocks ever since, a great example of when the algos can be beaten by real intelligencem

[manwithtwoeyes]

IDK why, but the panic makes me happy.

[robertmeshew]

2008 crash, Lehman Bros and Morgan Stanley were sued buy investors. Judge ruled, "You cannot sue the richest 0.01%, 'Non-Judicial Review' " was the verdict! So yes, the richest people have the power to make laws that protect them from justice!

[enthused]

What followed over the coming 12 months was unemployment went from 4% to 10% and housing, particularly in Florida dropped 60%, but closer to 45% nationally in value while millions upon million of families lost everything they owned because there were no jobs and no way to pay bills because 78% of Americans live paycheck to paycheck without more than a couple thousand dollars in the bank. Same thing's about to happen later in 2024 and throughout 2025-2027.

[johnjohnson]

March 2020 said "1000 point drop? That's cute". LOL

[MatthewMS.]

I remember this live, I was at Merrill Lynch and my buddy Jason P. was like “woah….what just happened??…”

[HarmonixsLoL]

Whoever brought the dip made a good chunk of change that day.

[alicemendoza]

Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong and trustworthy portfolio in order to produce passive income.

[AlonsoRules]

it was the short sellers hacking the system

[hazitrades]

us options traders know that rally or crash, we’re making $$$ either way hahaha

[CRTLALTBACKSPACE]

The clock is ticking and a crash of unimaginable magnitude will occur and we will not recover from it unlike 29

[straightdrive]

Exactly the reason there won't be a market crash ever, people just know to buy the dip and there is enough money in circulation out there to make a come back,

[jordy]

CEO of Lehman Brothers, Richard Fuld took a huge blame in 2008. He left LB and got a job with Matrix Advisors in March 2009(!!). By July 2015, Matrix Advisors, led by Fuld, had grown to about two dozen employees. By 2016, Matrix Private Capital LLC had $100 million in assets under management from 18 families. Every average person got f*cked over, and forgot all about Richard Fuld. He's still a millionaire and always has been. Jokes on us.

[PublicFlicks-mcmr]

oh no, it only went don 3 percent lol

[nikonotnice]

I have buy orders set <$15 on AMC and GME in case of another "glitch" 💎🤲🚀🚀🚀

[bradley]

Where did that trillion dollars go? It just vanished into thin air? Just act like nothing ever happened?

[TheBennik]

This crap is going to happen again and it's going to be triple the amount of damage. It's only a matter of time. I have my puts ready to enter