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Kaidran
Joined: 17 Mar 2010
Posts: 289
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 Posted: Fri May 07, 2010 12:19 pm GMT Post subject: DOW Plunge Yesterday |
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I read that they think it was prompted by someone butting a B for billion instead of an M for million. Despite how ridiculous that sounds has anyone else heard any more? What I really want to know is how big that trade actually was. How many billions need to be sold to tip off a plunge down 1 trillion?
The paranoia in me reads this as a lot of people and machines hovering over the sell button, expecting the SHTF. Do the economists think the market could go up 1000 points if there was a M/B typo on the buy side? |
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