Flash Crash of the Day: DXY (US Dollar Index)

Gee, another "Waddell & Reed", right, Ms. Shapiro?

Good thing it happened after hours. I hate to think what would have happened if it were during the regular stock trading hours.

Some stockboard members at Yahoo were watching it real-time as US dollar was "flash-crashing".

It seems the bots' attack was on Euro, looking at the charts linked at Zero Hedge:

(There are two more charts at Zero Hedge: EUR/CHF and GBP/CHF)

And as Tyler at Zero Hedge says, "At this point, who really cares anymore?"

After all, there were four "Hindenburg Omens" in August - supposed harbinger for an imminent stock market crash, occuring not once but four times. And what did we get in September and October? 11% rally in the stock market, to compensate for 7% decline in DXY.

Yup. Who cares? Real fun will begin when the OTC derivatives like Credit Default Swaps will have to be traded on a public exchange, thanks to the "Friend of Angelo" Dodd-"Intimate friend of Fannie Mae Exec" Frank finance "reform" bill. I can't wait to see what the algo bots can do there.

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