Happy birthday, Flash Crash!
Five years ago today, stocks went down a lot, and then went right back up, all within the space of a few minutes, possibly in part because of some spoofing in London . Two things I generally think about the flash crash are:
> It’s bad, but not that bad: If stocks go up and down a lot in a few minutes, then only those with a few-minutes-or-less time horizon will […]
