Truth to Power

Oh, this is comforting

Stock Selloff May Have Been Triggered by a Trader Error

In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses–all apparently due to a trader error.

According to multiple sources, a trader entered a “b” for billion instead of an “m” for million in a trade possibly involving Procter & Gamble, a component in the Dow.</em>

Methinks mr. happy fingers is looking for a job this morning. Can’t see this as looking good on the resume.


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