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Flash Crash Could Still Happen (JAZZ)

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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.

 

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Posted-In: Joe SaluzziMarkets

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