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Tuesday, June 29, 2010

"Flash Crash" After-Shocks

Plugging That OTHER Hole
(the Regulatory One)

Remember the SEC's press conference last week announcing that it had isolated the cause of the "flash crash" May 6, and unveiling a sweeping set of financial reforms designed to prevent a recurrence?

Me, neither.

That thought comes to mind as I see that the Dow Jones is already down about 250 points (so far) today.

Would-be bottom fishers don't want to wade in just as the bottom potentially falls out (again).

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