May

7

 If you are speechless it is probably just because you have some lower body parts stuck in your throat from yesterday's roller coaster plunge. After all it was the worst drop since 1987. The latest theory sees to center on a fat finger Citi trader who entered a B (for billions) instead of an M. The stock in question was probably Proctor & Gamble which went from 62 to 39 and is now back to 60 as this is written. More here.

Dr. McDonnell is the author of Optimal Portfolio Modeling, Wiley, 2008.


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