If you happened to blink last Thursday, you probably missed an event that contains powerful implications for investors and, well, pretty much anyone who has a stake in the economy. That’s when China’s Shanghai Composite Index experienced a 6% swing, going from a roughly 1% loss to a 5.6% gain. And this happened over the course of a mere two minutes.
To put that in perspective, the Dow Jones Industrial Average (DJIA) would need to undergo a 900-point swing to experience a similar move.
In other words, it was a huge intraday move, but a staggering two-minute one. Read more about ETF Periscope: Chinese Flash Crash Reminder That Volatility Lurks Always