8y million shares traded hands in the last minutes of 10/15/2008.
The great underlying problem with the market is that all of our securities have been so far removed from the equities and risks that they represent that the whole system is subject to epic manipulation.
The report that is supposed to have caused the sell off was a report that sales at stores had their sharpest decline in THREE years.
That is non-news if I had ever heard non news.
I repeat my belief that shorting, as it is practiced today, is very much a part of the problem. It increases volatility and makes the trading climate hopelessly removed from reality.