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Old 04-23-2013, 04:58 PM  
Captain Kawaii
So Fucking Banned
 
Industry Role:
Join Date: Oct 2007
Posts: 6,748
Quote:
Originally Posted by sarettah View Post
I said rational people. If you have ever been to a Wall Street area bar then you know that the people of Wall Street do not fit that description.

But, from what I heard on the news it was mainly computer trades that caused the drop. They said that there are programs that scan headlines for keywords/phrases and takes automatic action. I would not have thought that they would have shit at that level of automation. If they do, then it is not too smart.

One reporter commented about a 140 character tweet causing this much havoc across the world.

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QFT
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