Wall street must have a death wish. apparently there is an index option called an e-mini that some yutz at maybe citibank put in an order to sell $16 billion instead of $16 million and then the black box trading robots kicked in and the market went down 900 points with stocks like P&G going from $60 to 40; before recovering to only down 500 points.
main street would like to fry all theie ass's before something like this happened.
come on guys, get your shit together!
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It seems to me what is more interesting other than the guy with the fat finger is how the market dropped 1000 and then within what? 20 minutes to 2 hours? gained back 600 of that 1000.
interesting to me is how fast the market came back...I would like to know who/what was behind that.
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