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This Top Market Strategist Reveals How to Survive a Summer Flash Crash

Don't get too complacent. August is historically a volatile time for the stock market.
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Don't get too complacent. August is historically a volatile time for the stock market. 

The summers are ripe for flash crashes, or sudden market drops in a matter of seconds. Dwindling trading volumes are one of the prime causes of flash crashes. 

That's the assessment from Nick Colas, co-founder of DataTrek Research. 

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"If you see this happen, do not trade," Colas said.