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Thursday saw the largest one hour drop on the New York Stock Exchange in the history of the exchange and no one wants to take the blame.
The theory goes that someone as yet unknown was typing in a sell order and inadvertently typed a “b” in front of “illion” instead of an “m” so that the sale order read “$16 billion” instead of “$16 million”. The result was a massive sell-off of stocks that caused the market to drop 1000 points in almost half an hour.
You’re thinking, “So what?” Well, if you’re a liberal, then you’re thinking that along with, “serves the bastards right.”... (more)
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