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U.S. still searching for market plunge cause

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TIME IS MONEY
"The top U.S. securities regulator said no single event had been found to explain Thursday's mysterious market plunge but the events were unacceptable and additional safeguards were coming. U.S. Securities and Exchange Commission Chairman Mary Schapiro said it would take time to pinpoint the cause but reiterated an agreement with major exchanges to strengthen trading curbs in response to large market moves. In prepared testimony for a congressional hearing later on Tuesday, Schapiro said SEC staff were now on site at all major markets to monitor trading conditions."
SOURCE:   Reuters

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