2 Minute Fake Algorithm – $136 Billion Stock Losses

Fake Tweet Erasing $136 Billion Shows Markets Need Humans

A false report of explosions at the White House that wiped out $136 billion from the Standard & Poor’s 500 Index in about two minutes highlighted the risks of the computerized trading that dominates the $18 trillion market.

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Fake Tweet Erasing $136 Billion Shows Markets Need Humans

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That would mean that in 2 minutes it is  the approximate equivalent of 360 days of nominal GDP of Vietanam. OMFG!

Rank Country/Region GDP (Millions of $US)
55  Hungary 138,714
56  Vietnam 123,600
57  Iraq 122,750

Source

GDP (nominal) 2012 estimate
 – Total $138.071 billion[3]
 – Per capita $1,527[3]

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