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> Dow Down 1000 points, "Machines Take Over"
Qdeathstar
post May 6 2010, 10:56 PM
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That (below, because the thing is ufcked up for me) is some scary shit..... wtf computers...



It then tumbled 600 points in seven minutes to its low of the day of 9,869, a drop of 9.2 percent. By 3:09 p.m., the Dow had regained 700 points. It then fluctuated sharply until the close.

"I think the machines just took over. There's not a lot of human interaction," said Charlie Smith, chief investment officer at Fort Pitt Capital Group. "We've known that automated trading can run away from you, and I think that's what we saw happen today."



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demon
post May 7 2010, 11:00 PM
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Wonder what a group of hackers potentially could do to the Dow... Create a new credit crunch?


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