Oct 12 2011, 3:45 (ET) What happened????

hunt4alpha · Oct 12, 2011

Hi all,

Was wondering if someone could clue me in on what the heck happened at about 3:45 to stocks. The moved down sharply.

Is this on the NYSE Imbalance today?

I would love to know if this is the reason, or if it was something else. It will help me to not get run over like this again (Brutal). Would love to hear from you, thanks.

jchalmers3 · Oct 13, 2011

Markets continued to rally on hopes that the Slovakian parliament would inevitably vote to expand the EFSF bailout fund until an article by the Financial Times sparked a substantial sell-off late in the day. A report suggested European banks may look to sell-off assets as opposed to raising new capital to meet EU demands for higher capital ratios. The move would likely cause further contraction in credit and could greatly impact growth prospects for the already battered region and threaten the stability of the financial sector.

fine · Oct 13, 2011

about Oct 12 2011, 3:45 (ET) ,this day what happened ???
i do this thing ! search "Oct 12 2011, 3:45 (ET) "in google and youtube, i can't found of important imformation ! i am sorry !
but ,now i can sharing this video with you ! hope help to you ! http://www.youtube.com/watch?v=C6RcZE4EttI

thanks !
jason

hunt4alpha · Oct 13, 2011

jchalmers3 said:
Markets continued to rally on hopes that the Slovakian parliament would inevitably vote to expand the EFSF bailout fund until an article by the Financial Times sparked a substantial sell-off late in the day. A report suggested European banks may look to sell-off assets as opposed to raising new capital to meet EU demands for higher capital ratios. The move would likely cause further contraction in credit and could greatly impact growth prospects for the already battered region and threaten the stability of the financial sector.

Your right. Thanks. Thought it was the imbalance, I was wrong. Don't know how this one slipped through my fingers.

Oct 12 2011, 3:45 (ET) What happened????

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