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05-07-2010, 11:35 PM #1
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PLUNGE REMAINS MYSTERY; $1 TRILLION BRIEFLY WIPED OFF SHARES
Plunge in US equities remains a mystery
By Michael Mackenzie and Henny Sender in New York
Published: May 7 2010 18:49 | Last updated: May 7 2010 20:01
The day after $1,000bn was briefly wiped off the market value of US equities, traders were still trying to work out what caused share prices to plunge and then rebound so dramatically in a matter of minutes.
The conventional wisdom held that an incorrectly typed sell order – one that confused “billionsâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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