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Dow Jones Plunge Fueled by Overwhelmed Computers

Posted by ryuzaki0 on from the sure-always-blame-the-it-guys dept.

cloudscout writes "The Dow Jones Industrial Average dropped over 400 points today. While there were various valid financial reasons for such a decline, some of the blame is being placed on computer systems that couldn't keep up with the abnormally high volume at the New York Stock Exchange and the resulting tremor as they switched over to a backup system."

3 of 215 comments (clear)

  1. Cause Was China by Bellum+Aeternus · · Score: 1, Redundant

    There may have been a computer error that made things look interesting, the real culprit was China's bad day at the stock market. It created a World stock slump which drove down stock markets all over the globe. So for those of you who don't RTFA, there wasn't anything nefarious going on.

    --
    - I voted for Nintendo and against Bush
  2. What system? by UnknowingFool · · Score: 1, Redundant

    It was never mentioned which system crashed. I guess the NYSE doesn't want to embarass the company. I wonder if it was their Windows 2003 with SQL Server system.

    --
    Well, there's spam egg sausage and spam, that's not got much spam in it.
  3. Re:NYSE: Microsoft (R) powered (R) by affliction · · Score: 0, Redundant

    Joke --------->

                0 /|\
                | --- You
              / \