So it was a typo?
That was the alleged cause of the Dow’s 1,000 point plummet yesterday, according to the AP report on the front of the May 7 Trib.
Now that the market has started to return to the random state of flux that Wall Streeters consider “normal”, we can take a step back and consider the blunder that created a sense of panic and pandemonium not unlike the current situation in Greece. Only without the souvlaki.
Who knew, that in the high-flying world of finance, populated by computer experts, mathematicians, Ivy league economists and Texas bazillionaires, we could have been saved this cliff-hanging debacle by the least likely of so-called experts?
Ladies and gentlemen, I give you the English major.
I can see the help wanted ad now.
Wanted: English Literature graduate with experience in writing, editing and analysis; prefer candidate who is willing to forgive peers who studied business marketing in college, and who ceaselessly teased the English geeks for pursuing an education over future financial success. Excellent spelling a MUST!
Whew, this is extreme stuff. Who knew my fellow English majors and I could have saved the world from the forces of financial darkness?
Who’s the geek now?