'Twas the seconds before the open, and all through the market, not a trader was stirring... well apart from Johnny 5 and his algo friends. From our friends at Nanex, in case you missed it, there were numerous algo-inspired flash-crashes this morning right before the open... HPQ (traded down to $3 from $14 in about 100ms), S (from $5.50 to $2.75 in 150ms), GS (from $117 to $94 in 45ms) and C (from $36.00 to $20.00 in 90ms) are among the NOT fat-finger moves we saw as the charts below show. Now move along and BTFD! Bernanke has told you so...
Via Nanex:
HPQ - All quotes and trades
HPQ - Only NASDAQ quotes and trades
S - All quotes and trades
S - Only NASDAQ quotes and trades
C - All quotes and trades
C - Only NASDAQ quotes and trades
WU - All quotes and trades
WU - Only NASDAQ quotes and trades
KR - All quotes and trades
KR - Only NASDAQ quotes and trades
WFC - All quotes and trades
WFC - Only NASDAQ quotes and trades
GS - All quotes and trades
GS - Only NASDAQ quotes and trades
T - All quotes and trades
T - Only NASDAQ quotes and trades