Reply
Thu 2 Aug, 2012 10:48 am
A computer glitch went into action for this investment company yesterday and made trades in the stock market that resulted in their loss of $440 million dollars.
The market was quite "wild" yesterday, and I wondered why. We now know what happened, and it seems to be impacting today's trade also.
I was up 8.5% through yesterday; I wonder how the year is going to end up now.
@cicerone imposter,
Knight Capital lost over 74% of their value during the past two days.
Will they survive?
Letting their computer control 100% their investments is stupid. That's the reason why even airplanes have pilots that have auto-pilot.
Stumble It!
Tweet This
Bookmark on Delicious
Share on Facebook
Share on MySpace