3 ms·
When I first heard of this I thought "well, bugs in software are like asymptotes, you can always close the distance by half but never get there". I read that a
by johnnyg 16y ago
When I first heard of this I thought "well, bugs in software are like asymptotes, you can always close the distance by half but never get there".
I read that a few of the gray haired market geniuses were blasting the exchanges for failure to correct "basic electronic errors" and had to chuckle. No one can understand even the basic functions of everything!
Now its been days and no specific mechanical/process culprit has been identified. As trades are interconnected, it seems impossible to cover something like this up. Everyone wants to point a finger and be done.
Perhaps the answer isn't a "Black Swan" but that confidence is really that low and things are really looking that bad.
Buy Gold?