The real reason SandP 500 crashed.
The SandP 500 crashed more than 100 points Thursday morning after someone yelled "fire!" and impulsive traders climbed over each other trying to get out. What was the catalyst for Thursday's selling? Easy, there wasn't one. This panic resulted from impulsive traders spooked by their own shadows and the herd following them out the door. But this isn't a surprise. This was the second to last trading session before the Christmas holiday...
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