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DOW Plunge Yesterday

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Joined: 17 Mar 2010
Posts: 289

PostPosted: Fri May 07, 2010 12:19 pm GMT    Post subject: DOW Plunge Yesterday Reply with quote

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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