Yesterday the US equity markets took a dive. The second largest one-day point drop in history is now being attributed to trader error . From Merriam-Webster … Main Entry: ro·bust Pronunciation: rō-ˈbəst, ˈrō-(ˌ)bəst Function: adjective Etymology: Latin robustus oaken, strong, from robor-, robur oak, strength Date: 1533 1 a : having or exhibiting strength or vigorous health b : having or showing vigor, strength, or firmness c : strongly formed or constructed : sturdy d : capable of performing without failure under a wide range of conditions With all the fail-safes in place…for that matter all the potential buyers in place, it happened.
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The markets are not robust