Friday, May 14, 2010

Who caused sell-off? Space aliens or fat finger


NEW YORK (Reuters) – "Fat finger" has company.
The initial theory that an errant trader caused Thursday's mysterious stock market plunge isn't the only dubious hypothesis making the rounds.
Commentators and conspiracy theorists -- whether just joking or trying to raise mischief -- have cast the blame far beyond the investment community, even naming extraterrestrials and North Korea.

As long as the origin of the rapid, near-1,000-point drop in the Dow industrials remains unexplained, rumors and wild speculation will thrive.
A big U.S. exchange operator said on Tuesday there was no "smoking gun" to explain what happened, while regulators and exchanges solidified plans to adopt circuit breakers to prevent a reoccurrence...More

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