May 7, 2010
It is easy to dismiss Thursday's 30-minute, 1,000-point boomerang on the Dow Jones industrial average as a freak event that resulted when everyday human error collided with high-speed, high-volume computerized trading.
But it should not be forgotten that that the whole thing was triggered when traders around the world simultaneously pushed the "sell" button as they watched live video of baton-wielding riot police wading into a crowd gathered outside the parliament in Athens to protest the passage of austerity measures foisted upon their government by their European neighbors and creditors.
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