Mini Flash Crash? ES Plunges By 2 Standard Deviations In 5 Minutes | ZeroHedge

…the final desperate straw broke the camel’s back into the close as ES dropped 1% in less than 5 minutes as volume dwarfed the rest of the day with machines fighting each other to exit at a reasonable price.

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E-Mini S&P, often abbreviated to “E-mini” (despite the existence of many other E-mini contracts) and designated by the commodity ticker symbol ES, is a stock market index futures contract traded on the Chicago Mercantile Exchange‘s Globex electronic trading platform.  This is the same system that is believed to have triggered the May 6th, 2010 ‘flash crash’.  – Definition courtesy Wikipedia, Ed.

Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

A Good Outcome | Peter Mehit

I have recurring insomnia. Not every night, or every week, but enough that I am always playing catch up. One recent Saturday night I was sitting in our upstairs office, cleaning out my e-mail and watching You Tube videos when two loud collisions broke the silence. No screeching tires or car horns, really no noise at all until that unforgettable sound of rapidly folding metal and plastic shattering.

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Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

A Video Visualization Of Earth’s Fires From Space | Fast Company

Though the Texas fires dominated the news this summer, they are actually not America’s largest: Agricultural fires in the Southeast and Mississippi River Valley are more visible from space than the forest fires of the West. And while it may seem that the U.S. has recently experienced a proliferation of fire, only two percent of the planet’s burned area each year is in North America–70% is in Africa.

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