Reporting from the NYSE floor

Nicole Petallides, the Fox Business Network reporter who covers the New York Stock Exchange, was interviewed by WallStreetPit.com about what it was like to be on the floor of the exchange on Thursday.

Here is an excerpt:

Q: What was it like reporting from the floor of the exchange on such a historical day?

A: It was an historical day on Wall Street , the biggest intraday drop ever! I was impressed by traders who remained so cool during a time the Dow was diving lower like a falling plane. I worked hard to gather as many facts as I could, explain what was happens, give it perspective and not to instill panic. Those were my goals. My heart always races during moments like that and even though I have been here for over a decade, I have seen huge market swings and volatility, everyday is a new day and it is always somewhat intense at times. I really love the NYSE, the floor, the traders, the stocks, the stats. It gets my adrenalin running.

Market moves are technical, fundamental, and emotional. This was a day where all three collided. The New York Stock Exchange has strict rules which slow trading down, which saved some stocks here at the NYSE, but in other electronic markets they crashed, some even to just one penny such as Boston Beer (SAM) and Accenture (A CN). Later the NYSE and the NASDAQ together canceled all trades between 240pm and 3pm on stocks that moved more than 60% as there were technical glitches which moved the stocks too much.

Read more here.