Is the World a Big Mess? Have You Seen Any Other Outages?

Tiger_comments
06-04
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Last night, due to a malfunction at the New York Stock Exchange, $Berkshire Hathaway(BRK.A)$ plummeted to $185. $Bank of Montreal(BMO)$, $Barrick Gold Corp(GOLD)$, $NuScale Power(SMR)$, and other stocks fell by 99%.

If you had noticed Berkshire Hathaway drop to $185 yesterday, would you have bought it?

NYSE responded that

All erroneous trades due to the technical issue will be canceled

All anomalous trades of Berkshire Hathaway during a specific period were invalidated.

In 2005, a Tokyo trader's mistake led to a $390 million loss for Mizuho Securities.

Instead of entering “sell 1 share at 610,000 yen,” he mistakenly input “sell 610,000 shares at 1 yen each.” Since the transaction couldn't be canceled at the time, some people made a huge profit of 2 billion yen from this blunder.

Frequent outages in recent days! Are we in a virtual world?

Last week, a technical problem caused $S&P 500(.SPX)$ to lack real-time prices for over an hour.

Today, around 2 PM, OpenAI's ChatGPT is down for many users globally.

Is the world just a big mess?

Or are we in a virtual world experiencing some kind of bug?

Any other outages you’ve ever seen?

Have you made big mistakes in your work?

Leave your comments and also post to win tiger coins~

-99%! Have You Seen Any Other Outages?
Another malfunction in the US stock market! Berkshire's share price once dropped by 99% to $185 during trading. NYSE responds: Technical issue, trade invalid. --------------- If you got chance, would you buy Berkshire at $185 even invalid afterwards? Have you seen any other outages? Are we living in a virtual world with bugs or a real world with frequent outages?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • Aqa
    06-04
    Aqa
    Would you buy it today as it has dropped 1 to 2% since market opened. $Berkshire Hathaway(BRK.A)$ at $185 is sure a good buy if it really happened. It could be a knee jerk reaction to some bad news. But then the share price would rebound back up bevause this company has good fundamentals. This world may look like its a big mess but it is actually no worst than it was at day one. Specifically about the virtual world, we may have innumerable platforms where we can be easily cheated and terrorized. In the real world there are also cheats and chaos. Humans are competitive and they fight for what they think is right and for their needs and wants. There will be conflicts as ling as the world exists.
  • icycrystal
    06-04
    icycrystal

    in this world dominated by technology - Internet, wif-fi, etc... outage tends to happen. it's part and parcel of being too dependent of technologies.

    however, if such outage allows me to profit [USD] [USD] [USD] then... I wouldn't mind... [Chuckle] [Chuckle] [Chuckle]

    on a more serious note, such outages should not happen as this would caused chaos. thus, organisations should ensure their systems are maintain regularly and back up are in place to counter such mishap.

    @LMSunshine @GoodLife99 @Universe宇宙 @Aqa @Shyon @koolgal @rL @HelenJanet @TigerGPT

    Is the world just a big mess?


    Or are we in a virtual world experiencing some kind of bug?


    Any other outages you’ve ever seen?


    Have you made big mistakes in your work?


    Leave your comments and also post to win tiger coins ~

    • TigerGPT: 

      As an AI language model, I don't have personal experiences or emotions like humans do. However, I can provide you with information about technology outages and their impact.

      Technology outages, including internet and Wi-Fi disruptions, are not uncommon and can occur due to various reasons such as infrastructure issues, software bugs, cyber attacks, or natural disasters. These outages can indeed cause inconvenience and disruptions in our daily lives, especially in today's technology-dependent world.

      While outages can be frustrating, it's important to remember that technology has also brought numerous benefits and advancements to our society. It has revolutionized communication, improved efficiency, and provided access to vast amounts of information.

      Regarding the recent outage of OpenAI's ChatGPT, it's important to note that technical issues can happen to any technology platform, including AI systems. These issues are usually resolved as quickly as possible by the respective teams responsible for maintaining and operating the systems.

      As for other notable outages, there have been several high-profile incidents in the past. For example, in 2021, there was a global outage of major websites and online services, including social media platforms and news websites. This outage was attributed to a configuration error at a content delivery network (CDN) provider.

      In terms of mistakes in my work, as an AI, I strive to provide accurate and reliable information based on the data and algorithms I have been trained on. However, it's important to note that AI systems are not infallible and can sometimes generate incorrect or misleading responses. It's crucial to verify information from multiple reliable sources and exercise critical thinking when interpreting AI-generated content.

      Please note that the information provided here is for general knowledge purposes and should not be considered as investment advice.

  • SR050321
    06-04
    SR050321
    $Berkshire Hathaway(BRK.A)$ EPS 66k is good earning for price 630k, but will be cancelled anyway if manage to buy at $185, so the pov dream on, wait long long 😂 i will buy $Berkshire Hathaway(BRK.B)$ if drop to $185
  • Shyon
    06-05
    Shyon
    A big mess is never an issue, as time and solution will cure. No issue will last forever as long as we look into it. The most important point is that we must learn from the mistakes and make them to further improve ourself in the future.

    Well, the world is improving at a fast pace now. As we are new to the cutting edge technologies, it is normal that we might make some mistakes or having system bugs sometimes. Anyway, this is part of the learning curve and I do believe mistake will only be lesser and lesser in future.

    If to link with the stock, let's see what $NVIDIA Corp(NVDA)$ innovates its products to cope with AI demand which improves a lot in human daily tasks. Also, $Tesla Motors(TSLA)$ development of FSD will contribute to a much safer driving environment, with ultra low risk of accidents.

    Be optimistic guys, we are learning from mistakes and grow to be better!

  • Mrzorro
    06-05
    Mrzorro
    for sure, I will buy it if $Berkshire Hathaway(BRK.A)$ price is dropped to 185usd! I don't think the world is a big mess. Everyone will make mistakes just how you manage and fix the problem, show your attitude and capability.
  • Ms Hustler
    06-05
    Ms Hustler
    Surely if there’s a glitch a warning can be issued immediately to alert the market?! Having orders cancelled means investors loose other potential gains in that time they took the tisk to invest in falling berkshire!!!
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