It’s been over 24 hours now and still no one has any idea as to what caused Thursday’s bogus market plunge. Needless to say, that’s not good. Yesterday’s market swerve: fat fingers, glitch, or cyber-warfare? Theories about yesterday’s stock market swoon, where within a matter of 20 minutes, the stock market plunged by 1,000 points [...]
Filed under: Blog Entry | Tagged: Accenture, Black Box, Bug, Busted, Cancelled, Catalyst, Circuit Breakers, Computer Hacking, Computer Software, Crash, Cyber-Warfare, Cyberterrorism, Exelon, Fat Finger, Financial Markets, Fortune, Greek Crisis, Hackers, High Frequency Trading, High-Frequency Traders, IT Department, Liquidity, Market Makers, Market Plunge, Market Swoon, Nasdaq, New York Stock Exchange, NYSE, Options Markets, Panic, Panic Trades, Plausible Theories, Recursive Loop, Rishi Narang, SEC, Sell Order, Software Bug, Software Error, Software Problem, Sovereign Debt Downgrades, Stampeding Effect, Stock Market, Stock Market Crash, Stocks, Technology, Telesis Capital, Terrorists, Traders, Trading Entry System, U.S. Securities And Exchange Commission | 1 Comment »
