Something crazy happened yesterday. The DOW Jones Industrial dropped nearly 1,000 points (largest single day drop EVER) and bounced back to close down only 347 points. So for those of you who are not as financially inclined, this means that one company’s stock (i.e. Proctor & Gamble) could’ve dropped from $63 per share –> $47 per share…then could bounce back to $61 per share before the closing bell.

Sooo…if you bought 10,000 shares of P&G at $47, you made $140,000 in a matter of minutes. Ridiculous. And this happened across the board on Thursday. Probably the craziest 30min of some peoples’ lives. But wtf really happened? Here are some theories…

No related posts.