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Sorry NYSE, NASDAQ, my bad.

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Ademaro Imre Caldari	Posted - 2010.05.06 23:01:00 - [1] I'd hate to be this guy tomorrow morning at work. Trading Error at Major Firm Blamed For Selloff Quote: A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC. Multiple sources said a trader entered the letter "b"ùas in "billion"ùwhen he or she meant to type "m," for "million," shortly before 2:47 p.m. New York time.
Chaos Incarnate Faceless Logistics	Posted - 2010.05.06 23:14:00 - [2] Originally by: Ademaro Imre I'd hate to be this guy tomorrow morning at work. Trading Error at Major Firm Blamed For Selloff Quote: A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC. Multiple sources said a trader entered the letter "b"ùas in "billion"ùwhen he or she meant to type "m," for "million," shortly before 2:47 p.m. New York time. lol. so panic nearly sets in because some guy somewhere fails at proofreading. _____________________ Horrors! Demons in the deep!
Dan O'Connor Cerberus Network Dignitas.	Posted - 2010.05.06 23:37:00 - [3] Originally by: Ademaro Imre I'd hate to be this guy tomorrow morning at work. Trading Error at Major Firm Blamed For Selloff Quote: A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC. Multiple sources said a trader entered the letter "b"ùas in "billion"ùwhen he or she meant to type "m," for "million," shortly before 2:47 p.m. New York time. Well either he really FAILed, or he maybe he was out on revenge - in that case it's WIN ________________________ Apply \| Channel CBSN Lounge
Pr1ncess Alia Caldari Perkone	Posted - 2010.05.06 23:53:00 - [4] If you believe that, I've got a jove battleship in game i'd be willing to sell "A game that is significantly nonlinear is sometimes described as being open-ended or a sandbox, and is characterized by there being no "right way" of playing the game."
FunzzeR Death of Virtue MeatSausage EXPRESS	Posted - 2010.05.07 00:22:00 - [5] Yup that we call in my trade a fat finger. Though it looks like both the NYSE and NASDAQ will bust (cancel) the trades that occurred at that time. PRAISE THE SCOTTISH FOLD!! THEIR WILL SHALL BE DONE!!
Lt Forge Pilots From Honour Aeternus.	Posted - 2010.05.07 00:50:00 - [6] I wish they just banned the whole stock market. There, problem solved. _______________________________________________________________________
Wuff Wuff The Oliver Postgate Appreciation Club	Posted - 2010.05.07 01:23:00 - [7] Edited by: Wuff Wuff on 07/05/2010 01:24:08 Someone please tell me how, regardless of whether the transactions end up being voided, does a mistake like this, with billions of $/ú/Ç/etc on the line, actually happen? You're telling me a warning doesn't come up along the lines of: "The order you are placing is 1000% above the regional average. Are you sure you want to continue?" - Wuffles
Vonlutt Amarr	Posted - 2010.05.07 01:53:00 - [8] They dont inform us of that in eve, why would they do it in RL. !
So Sensational GREY COUNCIL Gentlemen's Club	Posted - 2010.05.07 02:24:00 - [9] Good thing T is so far away on the keyboard (My keyboard), who knows what would've happened? Some guy hit the T button instead of the M button on a magical device called a computer and our whole economic system collapsed, thus ending the golden period we called civilization. And this children, is the story of how we came to live in this here cave.
FunzzeR Death of Virtue MeatSausage EXPRESS	Posted - 2010.05.07 04:05:00 - [10] Originally by: Wuff Wuff Edited by: Wuff Wuff on 07/05/2010 01:24:08 Someone please tell me how, regardless of whether the transactions end up being voided, does a mistake like this, with billions of $/ú/Ç/etc on the line, actually happen? You're telling me a warning doesn't come up along the lines of: "The order you are placing is 1000% above the regional average. Are you sure you want to continue?" - Wuffles In order to achieve faster order entry most firms disable any sort of safeguards that might catch this sort of error. I know my firm/platform does this. It did not help that this guy was using hot keys to determine order size (Or so the articles seem to indicate). PRAISE THE SCOTTISH FOLD!! THEIR WILL SHALL BE DONE!!

Abrazzar	Posted - 2010.05.07 09:17:00 - [11] So one single typo crashed the stock market? That's what I call a stable economy, way to go. --------
Ademaro Imre Caldari	Posted - 2010.05.07 17:46:00 - [12] Originally by: Abrazzar So one single typo crashed the stock market? That's what I call a stable economy, way to go. Actually, it is stable, and it was proven yesterday after the mini-crash. When P&G went bust from a bad trade block or whatever, it signaled stop loss orders to be executed. In fact, the whole industry group that P&G is in, probably had their stop loss orders executed, based only on what P&G was doing. I know at least a few brokers let you set up trigger sales based on anything you want. Think or Swim can let you set up orders to execute base don any criteria, not just the stock you want to trade in. If I wanted to buy GOOG after 3:15 if P&G reached a certain price level, and the volume of Apple was in some range, I could set it up in Think or Swim. Then buy orders were executed. Then shorts were covering their positions. Anyone long on call options (or short on puts) were definitely calling them in. The continued fall, is really the reflection is the soon to be decimation of the Euro unless they can do something about it.
Praesentius	Posted - 2010.05.07 17:50:00 - [13] Originally by: Ademaro Imre I'd hate to be this guy tomorrow morning at work. Trading Error at Major Firm Blamed For Selloff Quote: A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC. Multiple sources said a trader entered the letter "b"ùas in "billion"ùwhen he or she meant to type "m," for "million," shortly before 2:47 p.m. New York time. I wonder if anyone jumped off buildings and killed themselves, as stock traders are known to do.
Issamailkin The Tuskers	Posted - 2010.05.07 17:53:00 - [14] Originally by: Praesentius I wonder if anyone jumped off buildings and killed themselves, as stock traders are known to do. Thats a myth Please resize your signature to the maximum allowed of 400 x 120 pixels with a maximum file size of 24000 bytes.
ReaperOfSly Gallente 1st Cavalry Division Primary.	Posted - 2010.05.07 19:41:00 - [15] Edited by: ReaperOfSly on 07/05/2010 19:43:10 Originally by: Issamailkin Originally by: Praesentius I wonder if anyone jumped off buildings and killed themselves, as stock traders are known to do. Thats a myth Not quite. There were two stock trader suicides in 1929 in Wall Street. ____________________
Issamailkin The Tuskers	Posted - 2010.05.07 19:52:00 - [16] Originally by: ReaperOfSly Edited by: ReaperOfSly on 07/05/2010 19:43:10 Originally by: Issamailkin Originally by: Praesentius I wonder if anyone jumped off buildings and killed themselves, as stock traders are known to do. Thats a myth Not quite. There were two stock trader suicides in 1929 in Wall Street. Do you have any conclusive proof (and if so did they throw themelves of buildings)? Most of these stories were circulated by newspapers at the time for the shock factor which helps paper sales Please resize your signature to the maximum allowed of 400 x 120 pixels with a maximum file size of 24000 bytes.
ReaperOfSly Gallente 1st Cavalry Division Primary.	Posted - 2010.05.07 19:57:00 - [17] Not the article I originally read it from, but this was the closest I could find. Quote: THE SUICIDE MYTH * A 1980s study suggested stories of widespread suicides of bankers in 1929 was myth * Suicides in New York in month following crash lower than normal * Only eight people jumped off buildings in the city between the crash and the end of 1929 * Just two were on Wall Street ____________________
Issamailkin The Tuskers	Posted - 2010.05.07 20:02:00 - [18] Goddamn historical theory keeps rapingmy mind as i was filtering through sources. I saw the article you gave but other sources say they didnt throw themselves of building but shot themselves. Irregardless of the dificulty of truly understanding the past I think we can draw the conclusion that it is not a fair statement to say wall streeters tend to throw themselves of buildings Please resize your signature to the maximum allowed of 400 x 120 pixels with a maximum file size of 24000 bytes.
Max Nero Endless Fury	Posted - 2010.05.07 20:15:00 - [19] "Sources also told CNBC that the firm in question is Citigroup." Hmmm... Why am I not surprised???
ReaperOfSly Gallente 1st Cavalry Division Primary.	Posted - 2010.05.07 20:20:00 - [20] Originally by: Issamailkin Irregardless What? ____________________

Issamailkin The Tuskers	Posted - 2010.05.07 20:25:00 - [21] Originally by: ReaperOfSly Originally by: Issamailkin Irregardless What? Apologies for being a peasant: irregardless Please resize your signature to the maximum allowed of 400 x 120 pixels with a maximum file size of 24000 bytes.
Elora Danzik Caldari Idiots In Spaceships Dead Terrorists	Posted - 2010.05.07 21:05:00 - [22] The amazing fact is that it recovered as quickly as it did. If a panic had really taken hold, then it would've spike much lower. Its because of the auto sells that it spiked so sharply. Once the humans realized there was no logical reason for it they did what oppourtunists do and bought low. One of Tom Clancy's books described in detail how theoretically simple it is to crash the stock market. Believe it was Debt of Honor could be wrong. Simply, if it had been intentional, then another company would have been hit, then another. If the timing was right, then panic would set in and the whole thing would fall. Companies traded would become insolvent and things could get real messy. Since everything is on computers, they could just hit the reset button.


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