Skip to main content

Charlie Gasparino Not Convinced Of 'Fat-Finger' Theory Re: 998-Point Drop

  • Author:
  • Updated:

The whole thing was definitely caused by some mamaluke but it's unlike the guy was rocking unusually large appendages.

A fat-fingered trader may not have caused the 998-point drop in the stock market two weeks ago, but some type of human error appears to be the source, according to the preliminary findings of a government study into the massive market decline, FOX Business has learned. The final report, to be published by the Securities and Exchange Commission, could be made public as early as today, FOX Business has learned, and it will lay out the causes of the market plunge that has renewed calls for a more coordinated market structure, along with increased regulation of the securities markets.

But according to people with knowledge of the study’s preliminary findings, there was some human error, or as one person with direct knowledge of the report told FOX Business, a “poorly handled order,” at the Chicago Mercantile Exchange, which touched off massive trading in the markets, particularly at the New York Stock Exchange.

Human Error Said To Be Source Of Market Sell-Off


Cigars 'n' Such: The Secrets To Charlie Gasparino's Success

Some people are such founts of generosity that on their birthday, they think not of themselves and what they will receive, but rather of how they can brighten the days of others. Charles Gasparino is one such selfless, gallant human being. On this special day, January 28th, the 50th anniversary of his entrance into the world, Mr. Gasparino has chosen to present us with a priceless gift: the secrets of his success. Print them out, mark them up, use them to advance your own cause, or simply give thanks to the god of journalism for his magnanimous spirit.

Rumors Of Charlie Gasparino's Death Have Been Greatly Exaggerated: Charlie Gasparino

He's alive, well, and plans to display his delts around the office via a Champion sweatshirt with the sleeves cut off for years to come.