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Guy Looks Up At Scoreboard And Surmises The Final Score Is Homo Sapiens 1, Computers 0

Suck it, technology!

A false report of explosions at the White House that wiped out $136 billion from the Standard & Poor’s 500 Index in about two minutes highlighted the risks of the computerized trading that dominates the $18 trillion market. […] “Trades should not be busted,” Rick Fier, director of equity trading at Conifer Securities LLC in New York, said in a interview. His firm oversees $8 billion in assets. “No human believed the story. Only the computers react to something that serious disseminated in such a way. I bought some stock well and did not sell into it. Humans win.”

Fake Report Erasing $136 Billion Shows Market’s Fragility [Bloomberg]

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23 Responses to “Guy Looks Up At Scoreboard And Surmises The Final Score Is Homo Sapiens 1, Computers 0”

  1. STAR says:

    beep beep Oh yeah? beep beep whirr Well I had sex with your mother! beep beep

  2. HighFrequencyHater says:

    No humans believed the story must be why everything sold off the instant that news hit squak, amirite? I'm never quite sure why they pose algo trading questions to people that struggle with MS Office.

  3. VonSloneker says:

    Trust fall…gotcha.

    – Skynet

  4. Dick Fuld says:

    Bess, no love for homo neanderthalensis?

  5. Mr. Pitt says:

    I sold it first, then flipped and bought it back better.
    Byte me.

    CPCCEFCM.exe
    Director of Equity Trading
    Moland Spring Capital LLC

  6. Fewdollarsmore says:

    They just moved me from the trading floor. Going back to play Jeopardy.
    – IBM Watson

  7. UBS Quant says:

    We mourn the tragic injury to President Obama. Fortunately, our algos sold off after only only a 100-point drop in the Dow.

    -UBS Quant

  8. VINNY THE WOP says:

    BWAHAHAHAHAHAHAHA FUCK ALL YOU ASSHOLES LIVE BY ALGOS SUCK MY COCK BY ALGOS

  9. Johnny B says:

    right…like humans normally win the other 251 trading days of the year

  10. Guest says:

    Just imagine the number of movies you could have playing at one time. What fund is this?
    -SEC Staff

  11. vkool says:

    Always looking ahead!

  12. Hazlitt rsk says:

    |

  13. 110101001010001110101 says:

    101010101001000001110101010110101001101010101010000101011101010001101001010011010010101010010000001111010110101010101010101110101110110101001010101010001111010101000110101001101010101001000001110101010110101001101010101010000101011101010001101001010011010010101010010000001111010110101010101010101110101110110101001010101010001111010101000110101001101010101001000001110101010110101001101010101010000101011101010001101001010011010010101010010000001111010110101010101010101110101110110101001010101010001111010101000110101001

  14. Linnaeus says:

    “Trades should not be busted,” Rick Fier, director of equity trading at Conifer Securities LLC in New York, said in a interview.

    Rick has been needled by computers one too many times. Yesterday was his day to flower.

  15. History Major says:

    What about a pleasure robot?
    -Awesimo

  16. Trading is risk based business, so please trade carefully and don't trust any types of face news.
    and please keep sharing this types of post .