Saturday, May 8, 2010

After stocks plunge, search begins for cause = Are computers controlling the markets now?


[mEDITate-OR:
some body, and/or some "Thing" !!!
calculated wrongly..., once again...

To the extent that they are, they are telling U.S.
that The Computers were out of control.

Sounds nice, might be true.
But, like "securitizations"..., what, precisely, are they going to DO about it?

To think for a New York minute (sorry) that this is not bad for the economy far right now, is to put your head in one of the sand states, and arse upwardly mobile.

This, too, must be addressed.

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After stocks plunge, search begins for cause
Computer programs exacerbate losses; Was there a ‘fat finger’ trade?
The gut-wrenching stock market plunge Thursday reflected growing worries about a widening financial crisis in Europe spinning out of control.
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Algorithms or human error to blame?
Are computers controlling the markets now?
Some say computer trading becoming too powerful, too fast
Wall Street's astounding, and immediate, tumble Thursday underscores how much of the Stock Market depends on machine and not man.
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The Computer Glitch Felt Round the World
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Video:
May 6: CNBC's Brian Shactman tells msnbc there must have been something that didn't go right in the system that would allow the U.S. stock market to have such a precipitous and quick fall today.
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Video: 
Duncan Niederauer, NYSE Euronext CEO discusses whether error really caused the market plunge today.
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