Fox business channel is saying that some of the fall off on the Dow was due to computers. They point to Proctor and Gamble went down from $60+ to $40+. No reason for this except a bad trade.
I'm hearing rumors from traders that you can blame the bad P&G trade on Citigroup. A citi trader try to sell 16 billion in PG instead of 16M
15 minutes ago
It looks like it was $16 billion in SPX futures possibly, instead of $16 billion in PG - we're still working this out.
2 minutes ago