The European stock markets open is his highly anticipated as there is a strong possibility of great volatility which could include a crash or sell off on fears of the Greek debt crisis. Today the United States stock market saw a huge plunge but much of this was due to a trader error.


With European stocks often digesting United States news information there is a strong possibility that the market could see a strong selloff at the opening. It is especially possible with the thought of the Greece debt crisis firmly in the mind of investors.

Many American traders and workers of the New York Stock Exchange and NASDAQ will have a very long night trying to clean up the trades between 2:40 and 3:00 PM Eastern. There was a trader error which sent the stock market reeling to the tune of 998 points on the Dow Jones industrial average.

Instead of typing million the trader typed billion which in turn sent the stock market down 900 points rather than 300 points. This trade was a mistake on the Procter & Gamble stock which was sent down over 30% in a matter of minutes. The NYSE CEO says that the Procter & Gamble stock trades will not stand.

With many European investors trying to digest all of this information it will be very interesting to see how European stock markets open. With a crash or selloff possible we could see huge volatility of the next several days and both European stocks and United States stocks.

With the biggest single day drop ever on the New York Stock Exchange, 998 points, it could lead to some very strong fears of a possible sell off of global markets. The open of the European stock markets could tell us a lot as to where we are headed in the very near future.

Author: Tiffany Mann