Always have to have a strange excuse for when the market tumbles. Curious how that goes...

Liquidity nightmare blamed for crazy market moves

"Investors are blaming an unprecedented lack of liquidity for Wednesday's gut-wrenching stock market open, which saw the S&P 500 fall as much as 2.2 percent from Tuesday's close, sent the VIX screaming to 28 and led to outsized moves in major stocks like Disney.

According to Eric Hunsader of Nanex, there were 179 "mini flash crashes" during the first 15 minutes of trading, which is the most since the Knight Capital Group fiasco in August 2012. Additionally, Hunsader reports that there were 68 trades in the S&P e-mini that moved that key futures contract 3 or more ticks. And Treasury futures, too, moved sharply as a result of low liquidity."