Sunday, September 26, 2010
Sudden fall in Google stock may signal market crash
Google stock dropped more than 90 per cent in a spectacular mini â€˜flash crashâ€™ on Friday that may just turn out to be a technical error or something far more significant. The video below tells the story (which we cannot confirm as true although it looks solid). The May 6th â€˜flash crashâ€™ when the Dow lost almost 1,000 points in a matter of minutes comes instantly to mind (graph above). The US stock market has staged a long rally from its March 2009 low but the head-and-shoulders pattern over the summer is consistent with a major top and trend reversal.