May

14

largest adobe flash crash in the worldI will stand up and predict a retest of the Flash Crash low, making it the Ultimate Milstein.

Kim Zussman adds:

Last week's events remind us that:

1. The probability of zero for a stock is not zero

2. The probability of SP00 zero is not zero but much closer to zero than #1 above

3. The probability of SP500 660 is less when it is 1100 than when it is 670, at least for time periods you care most about


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