Today the Dow Jones was down .... It is going to rebound - in my opinion. I think they pushed out the week hands by triggering the stops. Now, there will be buying...lots of buying.
Flash Crash
According to Jim Cramer on CNBC
This is "phony." The market was moving too fast for anyone to buy. He says that it is run on machines, and this is what happened. It will most likely rebound. But, It will happen again in the future.
Cramer said that the market is broken. "It cannot handle the volume. It can't handle this level of selling." It is phony.
Check this article/video out:
https://www.cnbc.com/2018/02/05/cramer-calls-the-stock-market-1600-point-plunge-a-flash-crash.html
