bdp this hit the news feeds about 3:15 today by AP shortly before the cliff originated.
Liberty Media misses 2Q profit forecasts
http://finance.yahoo.com/news/libert...191552626.html
Weird thing is 3 minutes later AP posted this: Liberty Media posts 2Q profit
Its possible the earlier headline was enough to rattle investors and by the time the AP came out three minutes later with a more positive headline the damage had been done.
That may explain the quick fire sale and then recovery buying.