Sorry for the noob question, but would someone be able to breakdown what's happening, for me?
Yes what is this loop you people refer to? Connection problems? Latency? Other exchanges work fine and price seems stable. So why the panic?
Go to:
http://bitcoinwisdom.com/markets/mtgox/btcusd
and look at the 1 minute chart. That is what they are talking about.
Ah, I see. Thanks.