Episode 252: On December 1, 2017 ABC news released a story that former General Michael Flynn would testify that President Donald Trump had directed him to make contact with the Russians during the election. The markets experienced a flash crash, the Russell2000 dropped more than 2.5% in less than 30 minutes. Some individual stocks and ETFs were much more volatile. Overall, the markets quickly recovered and closed out the day relatively flat.
What can you learn from this event?
- Only those with access to immediate order execution could profit from this event.
- Those using Stop Loss Orders most likely sold at the worst time.
- Past blog post: https://www.investablewealth.com/flash-crash-hazard-of-stop-loss-orders/
- Past podcast episode: https://www.wealthsteading.com/227/
- Headlines are generally meaningless.
- JFK assassination comparison: https://www.youtube.com/watch?v=f3_9dZ0_wRY
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Copyright © 2017 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.