This should go down as the biggest FAIL of 2010!
(from CNBC)
Stock Selloff May Have Been Triggered by a Trader Error
In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses in what possibly could have been a trader error. According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble, a component in the Dow. Sources tell CNBC the erroneous trade may have been made at Citigroup. "We, along with the rest of the financial industry, are investigating to find the source of today's market volatility," Citigroup said in a statement. "At this point we have no evidence that Citi was involved in any erroneous transaction." READ MORE
Maybe even the biggest FAIL of all time
Spotted @ TheBook
