Today was a topsy turvy day on the stock market to say the least. ?Stock market today is one of the top trending keyword phrases as the Dow Jones Industrial Average was down almost 1000 points, 998 points, before making a recovery to finish down only 347 points. ?The reason the market got crushed was claimed to be a trader error at this point.


Late in the day it was relieved that a trader at a firm mistyped a number as a billion rather than a million. ?This made a sell-off of 300 points turn into a sell of 900 points and the market was down between 8% and 9% at that point. ?The market is halted on any volatility over 10% and that was very close in trading today.

As word came out that this was a trader error there was a recovery but the level of volatility exploded higher today. ?There were many major stocks that were down double digits with Procter and Gamble down over 30% at one point. ?It will be very interesting to see how the market digests this news and opens tomorrow.

Much of the worry stems from the Greece crisis. ?There is now the thought that American taxpayers will have to fund part of the Greece bailout which is not good news. ?Many Americans were not happy about the American bailout so we can just imagine how they feel about the Greece bailout.

Author: Heather Best