Stock Market Drops 1,000 Points In A Minute

The terrible storms that shut-down much of the U.S. this winter didn’t do it. Earthquakes flattening entire countries didn’t do it. Political gridlock didn’t do it. Actual human beings didn’t do it.

A clerical error that temporarily made the stock value of Proctor and Gamble tank did it. In that minute millions of automated trading programs went to DefCon 4 and sold, sold, sold – everything. Which just proves you don’t actually need people to screw-up the economy – we’ve automated that now.

I wonder what all those people who used to screw-up the economy for a living will do now?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s