Originally posted by surfgun
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The momentary drop and quick correction in the Dow was largely due to auto-trading driven by algorithms that weigh political news into their projections. If you're a retail trader this should give you some insight as to how the market will react if ever that sort of news becomes accurate. Anyway, alert retail traders made some decent money on the dip.
EDIT: ABC has suspended Brian Ross, the reporter who made the error. The suspension will run for 4 weeks without pay. ABC apologized for the error, saying the report was not properly vetted.
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