The City That Breeds » WTF » Market Meltdown Hilarity

Market Meltdown Hilarity

May 6th, 2010 | 3 Comments

Due to America’s generalized penchant for wanton, evil greed and eventual financial worldwide crises, news today of Greece’s financial troubles some sort of ridiculous trading error in Proctor and Gable stock caused the stock market to launch into an unprecedented freefall and rebound – the likes of which the world has seldom seen. The upside to all of this? Hilarious online videos of people flipping out about it, of course! Check out this daytrader’s personal hell which kicks into awesome mode right around 1:40.

by

Filed under: WTF · Tags:

  • http://www.baltimoremick.com/blog JJT

    It was also due to a misquoted price on other indices of P&G, but it just goes to show you how panic works in the modern market. Automated trading probably does not help the issue either.

    • http://citythatbreeds.com Evan

      Yeah I caught the followup on CNBC but this truly is a lesson in “absolutely no one knows what’s going on ever, ever”

  • http://baltimoresun.com/midnightsun Sam Sessa

    One of life’s most disturbing lessons is that the people in charge of stuff like this aren’t that much smarter than you and me. Some of them are dumber. Eek!