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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: Jim Mullens who wrote (91450)	5/6/2010 5:10:29 PM
From: engineer	1 Recommendation Read Replies (2) of 197156

Trading Error at Major Firm Blamed For Selloff (would be nice if Citgroup would pay back the $100B in losses they caused due to this idiots typing habits) Published: Thursday, 6 May 2010 \| 4:21 PM ET Text Size By: CNBC.com with ReutersDiggBuzz FacebookTwitter More Share A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC. RELATED LINKS Current DateTime: 02:06:54 06 May 2010 LinksList Documentid: 36999260 Stocks Plunge as Debt Worries Slam MarketsUpdated: The Biggest Market Drops in HistoryDow Plunges Amid Europe Lending Worries Multiple sources said a trader entered the letter "b"—as in "billion"—when he or she meant to type "m," for "million," shortly before 2:47 p.m. New York time. U.S. stocks plunged suddenly, briefly by more than 9 percent, before pulling back to a near 3 percent drop, as investor worries mounted that Greece's debt problems could spread. Sources also told CNBC that the firm in question is Citigroup.

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