Many people are interesting in the stock market crash of 998 points. ?In afternoon trading Procter and Gamble was down over 30% on a trading error in which a trading made a keystroke error typing billion instead of million. ?This sent the stock market reeling down almost 1000 points.


Shortly after that point the stock market “crash” was over, in more words or less, as the market recovered to only down 300 points. ?There were many buying opportunities due to the keystroke error but traders had to be quick on their toes as these opportunities did not last very long.

Over the next several days it will be very interesting to see how the overall stock market reacts. ?Many people were comparing the stock market crash of 998 points to that of the crash of 1987. ?Things are a little bit different today as there are computer programs set up to halt trading for 30 minutes if the stock market is down over 10%. ?Many felt that we were very close to that point today when to market was close to being down 1000 points.

The stock market crash of 998 points will continue to be a very interesting stock. ?With Procter and Gamble down over 30% at one point many people had the opportunity to make the trade of a lifetime. ?Expect to see many books and editorials about this day on news stands in the very near future.

It is now being reported that the NASDAQ is going to cancel all trades more than 60% above or below market between 2:40 and 3:00. ?The stories continue to get more and more interesting as the day progresses. ?Many traders either made a ton or money or lost quite a bit down to the stock market crash of 998 points.

Tomorrow will get very interesting as many small traders will be very worried what to do with their money. ?Unfortunately things could get even more volatile over the next few days as the Greece debt situation is not getting any better and many Americans feel as if our tax dollars are going to end up paying for the Greece bailout.

Another stock market crash of 998 points is highly unlikely but anything can happen at this point. ?Procter and Gamble taking another hit of 30% would shock America and would likely send the stock market in a tailspin once again. ?The trading error that was made is currently being researched and hopefully this disaster will be cleaned up very soon.

If traders had the opportunity to sit at their desk for this 20 minute period between 2:40 and 3:00 it would have been quite the roller coaster ride. ?The different in being down 998 points and being down 327 points is night and day and there were many opportunities to cash in on. ?The question remains “who made money and who lost money?”

Over the next several trading days we will get to hear a lot about the 20 minutes of mayhem that went on on the New York Stock Exchange trading floor. ?With a stock market crash of 998 points almost everyone with any money will be interested in this subject over the next several days.

Author: Jeremy North