Complete Text   I. Causes   II. Effects   III. Further Research   IV. Recommendations   CNBC Reports during the flash crash. Follow along on the CNBC Video Timeline ribbon at the bottom of our chart which links the elapsed time shown on the video, to the time on our chart. CNBC was reporting "it's a complete capitulation" over a minute after the market had already bottomed!   Inquiries: pr@nanex.net http://www.nanex.net This report and all material shown on this website is published by Nanex, LLC and may not be reproduced, disseminated, or distributed, in part or in whole, by any means, outside of the recipient's organization without express written authorization from Nanex. It is a violation of federal copyright law to reproduce all or part of this publication or its contents by any means. This material does not constitute a solicitation for the purchase or sale of any securities or investments. The opinions expressed herein are based on publicly available information and are considered reliable. However, Nanex makes NO WARRANTIES OR REPRESENTATIONS OF ANY SORT with respect to this report. Any person using this material does so solely at their own risk and Nanex and/or its employees shall be under no liability whatsoever in any respect thereof.