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Makes Investing Seem All That Much More Attractive, Doesn't It?
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A Little More Catching Up After The D.C. Trip: That massive stock crash and sell-off in May was NOT the result of human error by a fat-fingered trader after all. No, it was a single brokerage's automatic trading, set to sell $4.1 billion in futures contracts because they were nervous about the economic problems in Greece. It's scary when people think a mistake can cause a market collapse, but it's scarier, I think, that someone can do it intentionally. (New York Daily News)
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