Detailed text transcripts for TV channel - FOXNEWS - 20130424:13:11:00
Because they have this algorithm to scan a news bulletin. down went the dow, off 147 points in a three-minute period. about 150, maybe $200 billion worth wiped out. okay, it was all restored but there is a couple of conclusions to draw from this. number one, we have not really mastered the art of computerized stock trading. our financial system is still amenable to attack, manipulation and certainly technical breakdown. and number two, it doesn't do much to restore small investors faith in wall street and restore it in stock trading. at 1929 it took a generation to get confidence back. now we'...
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