SEC, CFTC blame algorithm for flash crash

Perception management is more important than reality. At first it was suggested that a sticky key or fat finger caused the crash. A 'thorough' investigation reveals that black boxes trading programs, the one's that retail money fears rigs the market, caused the crash. The basic interpretation, regardless of the blame, remains the same as it was in May 2010. Up is good and down is bad.

As long as no one pays attention to stable currency returns (performance), up is easy. Devaluation will drive the stock market higher. Up is good.

The report comes in the wake of the Dow Jones Industrial Average's sudden drop of nearly 1,000 points on May 6 before swiftly recovering to end at a 348-point loss, rattling U.S. investor confidence in the stock market

Source: marketwatch.com