http://en.wikipedia.org/wiki/2010_Flash_Crash
The May 6, 2010 Flash Crash[1] also known as The Crash of 2:45, the 2010 Flash Crash or just simply, the Flash Crash, was a United States stock market crash on Thursday May 6, 2010 in which the Dow Jones Industrial Average plunged about 1000 points (about 9%) only to recover those losses within minutes. It was the second largest point swing, 1,010.14 points, and the biggest one-day point decline, 998.5 points, on an intraday basis in Dow Jones Industrial Average history.[2][3][4]
Great TED on Algorithims:
http://www.ted.com/talks/kevin_slavin_how_algorithms_shape_our_world.html
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