Wednesday, May 30, 2007

Now this is a problem! False refinery fire story sends nutty traders into frenzy

How do you comment on this? The professional traders cannot not trade on news. Even incorrect news. Apparently it is not about real news, or even about rationality. It's about out-trading the other guys. So what's to stop some jerk of a stringer for a TV station from calling in stories to help his friend the speculator?

Web site error rocks global oil markets | Technology | Reuters



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