Flash Crash Could Still Happen (JAZZ)
Joe Saluzzi is on CNBC's Fast Money and he says that we could see a flash-crash any time, echoing SEC Chairwoman's Mary Schapiro sentiments, that the circuit breakers are not helping, and do not solve the problem.
Saluzzi mentioned Jazz Pharmaceuticals (NASDAQ: JAZZ) which fell $10 in 2 minutes. He said that we need market makers to be incentivized to fix this problem, and it's not happening.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Joe SaluzziMarkets