Thursday, May 06, 2010

When the difference between "B" & "M" is a huge "F"

Slate > "...a massive sell-off sent the Dow plummeting 1,000 points before rebounding a bit. What caused the sudden dip? It might have been one trader's tiny, but huge, typo.


CNBC is reporting that, according to several sources, a trader at Citigroup may have entered a "b" for billion on his computer instead of an "m" for million while selling shares of Procter & Gamble. Thus the massive selling frenzy was kicked off..."

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