LUMINESCENCE METHOD FOR THE DETERMINATION OF PROTEIN IN MILK chancesareyouareconsiderablypoorertodaythanyouwerewhenyourolledoutofbedyesterday.Why?Because(asifyouhadntheard)thestockmarketplunged1,000pointsthursday,astunning9percentdropthatlargelyoccurredinthecourseof10minutesoftime.(Alltold,thatsaboutatrillion-dollardrop.)Thedowjonesindustrialaveragerecovered6percentagepointsofthat.Asofthiswriting,stockshadnotrecoveredatallsincetheclosethursday,leavingthe3percentdropintact.Your$100,000iraor401(k)isnowworthabout$97,000.Andforthat,manyaresaying,youcanblamecomputers.Computer-basedtradinggivesbroadpowertohigh-techalgorithmstoproceedwithbuyandsellorderswithouthumanintervention,basedonaseriesofparametersthatsetthingsintomotion.Thesoftwareisdesignedtoworkonthescaleofmillionthsofasecond.Reutersreportsthat60percentoftradingintheu.S.Iscomputer-based.Thejuryisntin,butitlookslikeasingleerrorsetoffacascadeoftrades,sendingthemarketintoturmoilaspricesstartedtoplungeandcomputeraftercomputerhaditssellnow!Codeactivated.Thewaterfalleffecthappenedsofastthathumanshadsimplynowaytostopit.Naturally,justabouteveryoneisupinarmsaboutthis.Congressisalreadypokingitsheadintotheissue.Sen.Edwardkaufmandeclaredinastatementquotedbyreuters:thebattleofthealgorithmsnotunderstoodbynorevenremotelytransparenttothesecuritiesandexchangecommissionsimplymustbecarefullyreviewedandplacedwithinameaningfulregulatoryframeworksoon.Meanwhile,nooneisreallysurewhatstartedthesequenceofevents,butsuspicionsarenowrestingwiththesharesofprocter&gamble,whichdropped37percentduringtheplungeandtakingsomestockpricesdowntozerowithit.Morenewsasitdevelops.Christophernullisatechnologywriterforyahoo!News.Followmeontwitterandjoinmeonfacebook!!Andjoinusonfacebook!Getthisblogviarssonyourmyyahoo!Page. |22222222| !,Becomeafanonfacebook
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