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| quote: | Originally posted by Dr. Z
niiiiiiiiiiice, the market was at -9% today for about 5minutes, haha |
Yea I saw that...made me do a double take.
"The biggest intraday point drop ever in the Dow Jones Industrial Average may have been caused by an erroneous trade entered by a person at a big Wall Street bank, multiple market sources said Thursday.
The so-called "fat finger" trade apparently involved an exchange-traded fund that holds shares of some of the biggest and most widely traded stocks, sources said. The trade apparently was put in on the Nasdaq Stock Market, sources said.
CNBC reported this afternoon that a trader entered a "b" for billion instead of an "m" for million in a trading order, setting off a series of events that led to the Dow’s biggest one-day drop since 1987."
Link

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"In a world of illusion you only see what you feel"
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