jwfid wrote:Zerohedge must be down too. I tried to login to Charles Schwab also with no luck.
Sources tell CNBC the firm in question that handled the erroneous trade is Citigroup [C 4.04 -0.14 (-3.35%) ]. The bank said it has no evidence of a bad trade but is investigating the situation
freddyv wrote:A wonderful, humorous headline from CNN at http://www.cnbc.com/id/36999483
"Stock Selloff May Have Started on Trader Error"
AHAHAHAHA!!! How stupid do these people think we are?
Here is a quote:Sources tell CNBC the firm in question that handled the erroneous trade is Citigroup [C 4.04 -0.14 (-3.35%) ]. The bank said it has no evidence of a bad trade but is investigating the situation
President Obama later called CEO Pandit and suggested he "investigate a little harder."
As the church lady used to say, "How convenient!"
Marshall Kane wrote:This morning: bottom falling out, my market-dabbling co-workers scramble to log into their accounts. As soon as I walked over they shook their heads and said me: "Oh man ... looks like you were right..."
This afternoon: everyone is yucking it up over the "fat finger" that triggered the crash. Whew! It wasn't a real crash! Naaaaaah, somebody just made a goofy mistake. Hahaha! But hey, look at all these bargins!!! Damn! I should have bought X stock an hour ago!!! Whoa, I'm gonna get that money I cashed out a few months ago and put it back in! I mean, I'd be crazy to pass up these once in a lifetime deals!!!
All is back to normal. When I walk by and say "Remember, guys: Maximum Ruin...watch your backs." its once again taken as good natured workplace joshing.
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