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Reply #18: Citigroup denied this today. [View All]

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 10:59 PM
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18. Citigroup denied this today.
Edited on Thu May-06-10 11:01 PM by girl gone mad
There had already been 20 minutes of pure selling (dow down ~500 pts) before this trade was even supposedly entered so to blame it for the fall is a bit of a stretch. Such errors happen on a fairly regular basis, and they are corrected quickly. There is much more to the story than some fat-fingered trade. Or is the same trader to blame for the fall in Asia tonight? I will hold off on drawing any premature conclusions on today's action. I will say that equities are still heavily detached from economic fundamentals.
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