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There are two different stories here and everyone is treating them as one.
Story 1: Market was significantly down today. Sell off in general can reasonably be attributed to Greece, potential Euro domino effect or recession double dip.
Story 2: The wacky big time sell off and recovery around 2:30 eastern. The general sell off likely caused by the global economic fears may have started the ball rolling and then you hit auto sell triggers, trade errors, what have you for a really wild ride.
The two aren't mutually exclusive.
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