Dow Takes a Harrowing 1,010.14-Point Trip – WSJ.com.
The Wall Street Journal is a pretty darned good newspaper. They know how to write. Why, then no explanation of the “apparent trading glitch” mentioned in the lede?:
A bad day in the financial markets was made worse by an apparent trading glitch, leaving traders and investors nervous and scratching their heads over how a mistake could send the Dow Jones Industrial Average into a 1000-point tailspin.
This doesn’t count as an explanation in my opinion:
Representatives of major U.S. exchanges and the Securities and Exchange Commission convened an emergency conference call late Thursday to examine potentially erroneous trades in multiple stocks.
But that’s all there is.
“Move along now, there’s nothing to see here. Just a little 1000-point oopsie.” [Sound of whistling in the dark]
Tipsy Teetotaler ن 