Thursday, May 06, 2010

Fat-Finger Trading?!?!?

Hitting a “B” instead of an “M”!… HUH?!

Sorry if I’m having a little difficulty believing this story… something is amiss…

Could a single trade cascade into this type of selling?

You have the Greece tumult, the U.K. election, euro plunging, a massive oil spill, China slowing, housing weakening, long term unemployment picture looking dire, new financial regulation…. Is this panic selling? Are we seeing “plunge protection”? Is the Bear Back?!? What is going on?

Interesting times to say the least.