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Detailed text transcripts for TV channel - MSNBC - 20150824:19:06:00

they rush to do something with the portfolios, but then you re also talking about something that s newer, big movers in the markets. i want to read from the chief investment officer at palisade capital management saying, look, some of the opening losses are from the exchange traded funds. quote, so easy to move billion dollars in an nano second. is that part of what s going on? it is. we have seen this for many decades now. you see most of the trading at the beginning of the day and the end of the day so it s not surprising that we came up, we were almost down not even 200 points sort of in the middle of the day and down now 600 and not surprising to say this sort of downdraft at the end of the day. part of it is the automated program that is kick in to get to a certain market close and x or y by 4:00 when trading stops. you say that, why do they need to do that? it s what they created.

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