Do you believe wrong button pushed DOW?

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[Poll]

Unsure

22% (2)

yes

44% (4)

33% (3)

Total Votes : 9

(last vote on : 5/8/2010 4:23:48 PM)
(Poll will run till: -- )

Message

pahunkboy -> Do you believe wrong button pushed DOW? (5/8/2010 12:16:11 PM)
That a fat finger pushed the B rather then the M- causing the market to drop almost 1000 points. Do you believe it was one wrong button? http://www.youtube.com/watch?v=HcqEOIkq1Vk&playnext_from=TL&videos=S5RSlSBM_Ik&feature=sub

Sanity -> RE: Do you believe wrong button pushed DOW? (5/8/2010 12:19:59 PM)
I've already apologized for that. http://www.collarchat.com/fb.asp?m=3195256 Leave me alone! [>:]

auditguy -> RE: Do you believe wrong button pushed DOW? (5/8/2010 12:31:37 PM)
NO, Citi traders don't have that kind of authorization to trade in the billions. He would have probably hit his threshold in the 30 million range and then it would have required authorization from an MD.

pahunkboy -> RE: Do you believe wrong button pushed DOW? (5/8/2010 12:43:36 PM)
When I traded stocks - there was a limit in quantity and dollar amount. I ran into the limit when buying penny stock.

auditguy -> RE: Do you believe wrong button pushed DOW? (5/8/2010 12:51:14 PM)
There is still a possibility of thresholds being ignored. I mean no control is perfect and they get lex over time, but that would take a monumental error to let that kind of mistake go through. It is not like there is just one button pressed; there is an entire confirmation process that has to be executed when dealing with volumes in the billions. Still systemic failures have been known to occur, so while I don't believe it was a wrong button it would not shock me.

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