Wall Street genetics war
Language in thought and action - S. I. Hayakawa - Google
The E2 dance nightclub ............
Robert Michael Gates (born September 25, 1943) is an American statesman and university president who served as the 22nd United States Secretary of Defense from 2006 to 2011. Gates served for 26 years in the Central Intelligence Agency and the National Security Council, and under President George H. W. Bush was Director of Central Intelligence.
No one was sure what happened, other than automated orders were activated by erroneous trades. One possibility being investigated was that a trader accidentally placed an order to sell $16 billion, instead of $16 million, worth of futures, and that was enough to trigger sell orders across the market.
No one was taking blame, either. The New York Stock Exchange said there was no problem with the Big Board's systems, and all the markets were on a conference call with the Securities and Exchange Commission.
Nasdaq issued a statement two hours after the market closed saying it was canceling trades that were executed between 2:40 p.m. and 3 p.m. that it called clearly erroneous. It did not, however, mention a cause of the plunge.
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