Thursday, October 06, 2011

U.S. stocks' massive "melt-up" fans investor fears

U.S. stocks' massive "melt-up" fans investor fears - Yahoo! News
"Program trading and algorithmic trading was the cause," said Donohue.
"We're seeing moves in a half hour that used to take weeks.
Obviously we were very oversold technically before, and essentially we had a 'melt-up' that was helped by the algo trading that just went off buying."

No comments: