Thursday, May 06, 2010

ANOTHER TALE FROM THE FREE MARKET FAIRY

Stock exchanges lose close to $1 Trillion in about 30 minutes and Nasdaq turns Communist and decides to cancel some trades. CNBC reports one possible cause of the free fall:
According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble [PG 60.75 -1.41 (-2.27%) ], a component in the Dow.

I can't wait to read a MOTU defending this.

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