Crash of 2:45 PM

(c) 2010 F. Bruce Abel

We have a new name for last week's crash:

"The Crash of 2:45 p.m."

Nassim Taleb didn’t cause the crash Analysis & Opinion : "May 11, 2010
11:20 am EDTThis whole idea that the ‘Crash of 2:45PM’ was caused by a fat-fingered typo never struck me as plausible. Nonetheless, for 99% of the general public who wouldn’t know the difference between a bond and a debenture, such an explanation is readily understood and then forgotten a day later. Felix has it right – why it happened isn’t important. Just make sure it doesn’t happen again.
Posted by Gotthardbahn Report as abusive"