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Out Of Control - The Dow Jones and Toyota Prius
By spokesman | May 7, 2010
The Dow Jones dropped 1000 points during trading on Thursday before recovering most of the loss. It was the largest intra-day drop ever. Robert Riech on his blog speculated on the reasons for the drop including pointing to the computers that automate trades. He wrote that “Giant high-speed computers generate millions of trades based on instructions embedded in computer programs designed to move fast enough to beat everyone else. So when there’s a glitch in one of them it can immediately spread to all the other programs designed to move just as fast.” On a separate topic, the sudden unexpected acceleration with the Toyota Prius has also been attributed to software problems. With all of these recent problems, I am glad the my bike is still a totally mechanical device. There are no electronics or software controlling its motion. I pedal and it goes. I squeeze the brakes and it stops.
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Topics: Flotsam, Uncategorized |