DOW plunge! Glitch? Typo?
Today was a historic day for the DOW and anyone with a stock portfolio. The 1000 point swing was initially blamed on Greece’s debt problems, and it still may to some degree. But now that the dust has settled, apparently there was a trade error via “fat fingers.”
Rumours swirled around the market that a trader had reportedly entered a “b” for billion instead of an “m” for million in a trade involving Procter and Gamble, CNBC reported, citing several sources.
Below are some articles and recaps of today’s event.
http://www.news.com.au/business/human-error-behind-huge-dow-jones-share-market-plunge/story-e6frfm1i-1225863396968
http://www.foxbusiness.com/story/markets/futures-rise-days-losses/
http://money.cnn.com/2010/05/06/markets/markets_newyork/index.htm?hpt=T1&hpt=Sbin
http://www.cnbc.com/id/36999483
This group is called SEIU. And they have an American dream. Unfortunately, they spelled “American” wrong.
Here’s a quick post. Since when does 1-1 equal a win?
Am I that behind in sports?
Is this even a typo? What is it?
Ok this isn’t a typo or grammatical error, but it’s just too ironic not to post.
So enjoy!
(joking aside, we pray this situation gets resolved as quickly as possible)
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