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All of this hand-to-hand selling takes time.
"The panic comes in, and the selling takes over," said Ryan Detrick, a strategist for Schaeffer's Investment Research.
The selling takes the yield on United States government bonds to their highest level since March 2012.
The deals being made this week in what is known as the upfront market, because the selling takes place before the season starts, include advertising on network Web sites where fans of programs like "Desperate Housewives" and "Jericho" can watch episodes they missed on TV.
Most selling takes place in WhatsApp groups or in-person and GlowRoad claims that its resellers complete about a total of 1,000 transactions every day.
In Hong Kong, where most of the selling takes place, regulators estimated there were $23 billion in still outstanding accumulator positions in April of last year; add in leverage, and the real amount at risk was much higher.
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"There is no buying or selling taking place.
The selling took the Dow Jones industrial average down 379.21 points, or 3.6percentto to 10,034.58, its lowest level since March.
Marketocracy's shrewdest sold half of their holdings of the stock recently, most of that selling taking place Friday, October 22 at an average price of $42.41.
The market's recent selling took our "new highs/new lows" ratio to a level seen during last October's market bottom.
Last week's surge of selling took our S&P 100 Index (572.76) and Nasdaq 100 composite RSI indicator to its lowest readings since October 2005.
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