[makomk]

Except that this crash saw ETFs - which are basically just a way of holding a basket of different investments - plummet spectacularly even though the underlying assets they were created to hold barely moved. The underlying thing was stable, the problem was the market on top of it.

[lrm242]

The underlying assets were stable. Are you sure about that? Go check some intraday prices. Have a gander at AAPL or GE or COST.