Saturday, May 08, 2010

Traders Made a Fortune as Stock Market Dipped - NYTimes.com

Looking likely the undo button is going to be pressed…

One thing, however, is certain: By luck, savvy, lightning speed or all three, there was money — gobs of it — to be made from the bargains that came and went in an instant.

On Friday the blogosphere was alight with conspiracy theories suggesting that perhaps the whole thing had been instigated by a big bank or a hedge fund looking to make a quick profit.

As outlandish as that speculation might be, some investment pros surely made a fortune from the trillion-dollar market swing.

Traders Made a Fortune as Stock Market Dipped - NYTimes.com

Post a Comment