U.S.stock market crashed? And then rallied? Depends on where you look.
Thursday, 6. May 2010

In case you haven’t been on Twitter in the past 20 minutes or so, the U.S. stock market is collapsing. Well, it was collapsing (the Dow was down over 1,000 points at one point), but apparently now it is bouncing back. But it would be understandable if you had no idea what’s going on just from watching the web, because honestly, it’s struggling to keep up.
Under the weight of basically everyone and their mother checking the web to see what’s going on with the market, sites are failing left and right. Google Finance keeps bringing up an error message to “please try again in 30 seconds.” Yahoo Finance is completely down. Trying to look for news via Twitter, meanwhile, yields mixed results. At one point when the Dow was down about 1,000, plenty of people were still tweeting that it was down 400. Others were saying it was down 600. The problem is that the “real-time” web wasn’t even fast enough for how fast things were falling.
Then the bounce started happening and people were still tweeting about the Dow being down 1,000, when in reality it was actually down only about 100 at that point. It’s like whiplash out there on the web right now.
So where else do you turn? Well if you loaded up CNN.com while the crash was occurring, you wouldn’t have even known anything was happening. It was only well after the bounce started occurring that they site had a banner up that the Dow was down 900. And again, things were already on the rise at that point. Stay tuned…


















