Sequence of events in my opinion: 1. hedge funds are already extremely short of the market before market plunge 2. bad news is made public on PG 3. funds short PG big time to drive fragile market down further 4. market drops further as desired by shorts 5. computer trading programs kick in and things get out of hand 6. market plunges 1000 points
hedge funds control the market period. They need to be regulated and the uptick rule put back in place. What was the purpose of removing all of the safeguards to begin with?