2 Minute Fake Algorithm – $136 Billion Stock LossesPosted: April 23, 2013
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.
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)|
|GDP (nominal)||2012 estimate|