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  • knight tradings algo's went rogue yesterday selling low and buying high estimated loss of $240mn
    article linked below and the comments section below are a great read
    Chinese Hackers / Iranians / The worlds going to hell in a handcart / Computers close to taking over the world ( think WarGames but with finance as the WMD's rather than nuclear weapons )
    fantastic stuff conspairacy theories coming out of the woodwork corruption in high places ineffective government agencies FED allowing this to happen

    http://www.zerohedge.com/news/what-happens-when-hft-algo-goes-totally-berserk-and-serves-knight-capital-bill

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