Daily Archives: 2010/06/11

May 6 2010 Stock Market Flash Crash DJIA Down 998 Points Intraday

Flash Crash 2:45 PM EST on may 6, 2010 sent the DJIA down over 998 points intraday. It was the wildest fifteen minutes ever in the history of the US stock markets.

The major stock market indexes dropped by over 9% (7% declining in 15 minutes time) due to high frequency trading.

At one point $1 trillion USD [$1,000,000,000,000] in market value disappeared.

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Kentucky Derby 2010 Super Saver

2010 Kentucky Derby winner is Super Saver paying $18.00 for every $2  wagered to win. Super Saver beat a field of twenty on the first saturday in May in front of 155,804 horse racing fans at Churchill Downs racetrack. Ice Box made a furious late charge but too late and completed the exacta.

The Kentucky Derby in 2010 was a wideopen contest with the favorite a record high 6-1 odds to win. The real betting story was the fourth place finish of Make Music For Me at 30-1 odds, the next to longest shot in the 20 horse field. $1 Superfecta 4–2–10–9 paid $101,284 on a $1 investment.

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British Petroleum BP Oil Spill Environmental Disaster

BP Oil Spill is a massive ongoing oil spill in the Gulf of Mexico near Louisiana. It is now considered the largest offshore spill in USA history and an environmental disaster.

The Deepwater Horizon rig’s “bop” blowout preventer did not automatically cut off the oil flow as intended after the explosion.

The exact spill flow rate is unknown because  BP has not allowed independent scientists to perform accurate measurements. The BP oil slick covers a surface area of more than 2500 square miles from Louisiana to Florida.

BP’s stock price is down by 50% on the NYSE and a Market cap loss of $62 Billion USD.

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Deepwater Horizon Drilling Rig Explosion April 20 2010

The Deepwater Horizon, a floating oil drilling platform in the Gulf of Mexico, exploded on April 20, 2010 killing eleven and injuring seventeen rig workers. 

Methane gas escaped from the well and shot up the drill column, expanding quickly as it burst through several seals and barriers before exploding and igniting the Deepwater Horizon.

Survivors described the catastrophe as like the movie Titanic with a fire so bright that they couldn’t look at it and a  heat so intense that it  melted the paint off boats. After burning for a day and a half the Deepwater Horizon sank on April 22, 2010. RIP.

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Iceland Eyjafjallajokull Volcano Eruption Volcanic Ash Video

Eyjafjallajokull Volcano erupted in Iceland in April 2010 spewing volcanic ash and grounding European airflights.

Eyjafjallajökull is Icelandic for “island mountain glacier.”

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