Rumor, Rumors Everywhere on Reason For Market Crash

May 6, 2010 4:01 PM EDT
There are a lot of rumors going around about what caused the crash. Some are saying a human trading error on the SPY - a trader selling $16 billion versus $16 million, created accelerated the crash. There is also speculation of system error or bad trades in Dow 30 stocks like Procter & Gamble (NYSE: PG) and 3M Company (NYSE: MMM). The NYSE is saying the low-trades in PG were off the exchange.

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