sell off may be triggered by trader error, page-4

  1. 524 Posts.
    From KITCO forum:

    Just heard (about hr ago now) from a JPM Morgan Chase trader state that he heard from their desk that some big time fund etc. accidently sold something like 17 billion instead of 17 million by mistake. Accidently added a zero! ... which may have contributed to brief 1000 pt selloff. Obviously not the total cause but shows how vulnerable we are all to the whim of big money. (I may be off on the numbers but you get the point)

    Also a glitch with the Proctor & Gamble share price as well apparently.
 
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