Friday, May 7, 2010

Bullshit Explanation for Bear Attack?

NEW YORK — A frantic sell-off on Wall Street yesterday, possibly caused by (are you sitting down?) a typo, led to one of the most frantic days in the history of the Dow Jones Industrials with the index losing almost 1,000 points in less than a half hour.  It was the biggest loss for stocks, almost a tenth of their value, ever during one trading day.  WTF?

The Dow did recover by two thirds before the closing bell Thursday, but it was the biggest financial shitstorm since the shitstorm February 2009 and it began with Procter & Gamble taking a tumble.  Procter & Gamble?!?!?  You know - the company that makes virtually EVERYTHING that we couldn’t get through an average day without, from toothpaste to laundry detergent, to cosmetics and even products used to clean up shitstorms?!?!

So how did a how did a blue chip stock take a tumble?  No one is taking the blame, but the “fat finger” excuse is being offered up, implying one fat f%@k hit the wrong keyboard character and placed an order to sell $16 BILLION shares instead of $16 MILLION shares (at least it wasn’t TRILLION), launching the aforementioned shitstorm by activating automated trade orders to sell, sell, sell!  After all, the “B” is only separated from the “M” by the “N.”  Good thing we don’t have a currency unit of a NILLION!

So, in review - many peoples’ nest eggs seemed to go into the crapper and NO ONE IS TAKING THE BLAME!?!  For those of us who have made "fat finger" errors that were much less lethal, yet got our asses chewed off for things like putting print pieces into production for the “Pubic Library,” or offering “Discunts Like Never Before,” in a TV commercial, that’s beyond infuriating!!!

"Fat finger" excuse?  How about “hung-over hand” excuse from too much Grey Goose?

In a related story, Subway Sandwiches is considering offering discount coupons for their “BMT” sub to anyone who thought they lost their livelihoods yesterday thanks to a self-important $400 haircut in a Brooks Brothers suit.

2 comments so far :

Trader No said...

I vote we institute the Death Penalty for being a stock trader

The Motley Poo said...

I vote we stock'ers continue to crap on America. They don't seem to mind.

Post a Comment

opinions powered by SendLove.to