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Interesting Stock Market Mistake

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  • Interesting Stock Market Mistake

    In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points on worries about the spreading European debt crisis before paring those losses in an equally rapid rebound.

    A possible culprit for the drop was a trader error in which someone entered a "b" for billion instead of an "m" for million in a trade. Multiple sources confirmed the report to CNBC and
    I find that extremely amusing for some reason.
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    - "The essence of tyranny is the denial of complexity". -Jacob Burkhardt
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  • #2
    Re: Interesting Stock Market Mistake

    Man, I bet some traders were getting ready to hang themselves over a sudden 1,000 point drop.


    • #3
      Re: Interesting Stock Market Mistake

      Wow, that must've been a BAD day at work for that poor trader who made the mistake. Doh!
      "Common sense is not so common." -Voltaire


      • #4
        Re: Interesting Stock Market Mistake

        So Greece isn't collapsing followed by Spain and Portugal ?
        It was all just a typo ?
        Or is wild social spending not a sustainable course ?
        You have to be trusted by the people that you lie to,
        So that when they turn their backs on you,
        You'll get the chance to put the knife in.Pink Floyd "Dogs"


        • #5
          Re: Interesting Stock Market Mistake

          I find it interesting that such a large mistake is so easy to make in the trading software. Of course, it's tricky to put in the right amount of "are you sure?" logic without it crying wolf and getting ignored.
          Dude, seriously, WHAT handkerchief?

          snooggums' density principal: "The more dense a population, the more dense a population."

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