ARMAGEDDON: Stock Market Flash Crash

S&P 500 Futures Pit on May 6, 2010.  Start watching at the 2-minute mark.

This is how Armageddon sounds.

Listen To The Stock Market Flash Crash - Tick By Tick

Many of you have heard this clip before.  For those of you who have not, buckle up.  Audio of a S&P 500 trader quoting the action that was taking place in the futures pit in Chicago at the CME.  The market lost nearly $1 trillion within minutes and then recovered most of the losses.  The DJIA and S&P 500 futures fell 10% intra-day.

Further reading:

• Official SEC Report

• The Truth About The Flash Crash

• Nanex Final Conclusion