Um, what the hell just happened? I left the computer for, like, half an hour to take the dog for a quick walk, and, while I was gone, Western Civilization came tumbling down and obliterated itself into a fine powder of dust beneath its own massive weight before spontaneously regenerating itself back up into the hobbled powerhouse it's been of late.
And all while I was carrying around a plastic bag full of dog poop. (That's a metaphor!)
In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses in what possibly could have been a trader error.
According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble, a component in the Dow… Sources tell CNBC the firm in question that handled the erroneous trade is Citigroup.
Hahahahaha! That old million/billion confusion thing. Oh, man! If I had a
millionbillion nickels for every time I made that same mistake myself…
Tags: Citigroup, Dow Jones, Economy, Money, Wall Street