Is the World a Big Mess? Have You Seen Any Other Outages?
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~
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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 ~
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!
No, probably i won’t. I have a weak mindset. If BRK.A drops to $185, it might go lower