Spike ponders

Tuesday, May 11, 2010

Recovery

We are starting to recover from the largest single day drop in the stock market in history.  It was purportedly caused by a program glitch that showed what appeared to be a 50% drop in the price of Procter & Gamble stock.  People panicked and what followed was rapid, ugly and painful.  All for no good reason.  There has to be some way to slow down or prevent panic selling.  I don't know how it can be accomplished, but I think it is a worthy goal.

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