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Personal Finance Market Crash

Last Thursday’s market crash will be another one for the history books. To say the markets took a wild swing on May 6, 2010 is a bit of an understatement.

Here are interesting pieces of the puzzle as well as some fun videos from real time on Thursday.

In case you missed the crash, here’s a glimpse into what happened on Thursday afternoon:

Temporarily, $1 trillion in market value disappeared, according to the Wall Street Journal.

A fun video during the crash on Thursday. It gets entertaining about a minute in.

If you’ve been wondering about the differences between index funds and ETFs, here’s a big difference:

It was the biggest one-day point decline (998.5 points) on an intraday basis in Dow Jones Industrial Average history per CNN.

During the crash, I was locked out of our Schwab account, as were many investors at various brokers. It sounds like Scottrade [1] help up perfectly according to a Fatwallet discussion.

The stocks of eight major companies in the S&P 500 fell to one cent per share for a short time, according to Wikipedia.

For comparison, Black Monday on October 19, 1987, the Dow Jones dropped by 508 points (22.61%).

296 stocks’ trades were canceled. 3 days later, 12 more were added to the canceled list.

Another fun video during the crash. Watch his reaction to the price of P&G during the crash.

The cause of the crash still remains unexplained. Although there are lots of theories….