View Single Post
  #1  
Old 25-05-2010, 11:13 PM
Nesti (Mark)
Registered User

Nesti is offline
 
Join Date: May 2009
Location: Perth, Australia
Posts: 799
A big Fat [Finger] lie more like it

The agencies said they had found no evidence that the market decline was caused by so-called fat finger trading errors, or by computer hacking or terrorist activity. They added, however, “we cannot completely rule out these possibilities.”

Oh-Gee, no kidding!

http://www.nytimes.com/2010/05/19/business/19crash.html


Let me guess...it wasn't a "Fat Finger" error in trading at all; it was more like a ramping-up on the High Frequency Trading (computer trading algorithm) selling 'Short' which caused the stock drop.

http://www.youtube.com/user/MaxKeise.../0/2-PihbVN6O4
Reply With Quote