{"id":62162,"date":"2018-02-05T00:51:12","date_gmt":"2018-02-05T05:51:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=62162"},"modified":"2018-02-07T02:15:52","modified_gmt":"2018-02-07T07:15:52","slug":"the-machines-took-over-inside-the-biggest-dow-jones-drop-of-all-time","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2018\/the-machines-took-over-inside-the-biggest-dow-jones-drop-of-all-time.html","title":{"rendered":"&#8216;The machines took over&#8217;: Inside the biggest Dow Jones drop of all time"},"content":{"rendered":"<p>(Business Insider) Blame the robots. That was the common explanation among Wall Streeters on Monday after the biggest selloff ever in the Dow Jones Industrial Average. Machine-based traders were commonly blamed for the drop, which included a ramp up in the VIX, which measures volatility, and a steep selloff in equities, which hit Monday afternoon in New York.<\/p>\n<p>&#8220;The trading floor was relatively quiet until the market took a further hit at 3 pm,&#8221; Vincent Kondaveeti, a financials sector sales specialist at Credit Suisse, said in a note. &#8220;It felt like the machines took over but we saw (human) investors buying the dip not only in financials but also other sectors.&#8221;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/wall-streeters-recount-how-the-biggest-dow-jones-drop-of-all-time-went-down-2018-2\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Business Insider) Blame the robots. That was the common explanation among Wall Streeters on Monday after the biggest selloff ever in the Dow Jones Industrial Average. Machine-based traders were commonly blamed for the drop, which included a ramp up in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62162","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=62162"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62162\/revisions"}],"predecessor-version":[{"id":62163,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62162\/revisions\/62163"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=62162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=62162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=62162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}