Technology Good or Bad

I can't believe after writing my last blog in which i talk about kids at KFC unable to write or use their heads to figure out totals after the power went out and was forced to do it all manually. Along comes Black Thursday and for many of you who don't follow the business news network you maybe surprised to hear that in a span of no more than 15 minutes the Dow Jones Industrial lost 997 points, yes i will say it again 997 points. Yes the financial crisis in Greece and other countries in europe was a factor, however the largest cause was one person and his computer ketboard.

While the D-J was loosing ground it was holding it's own till about 2:00pm when someone entering numbers for Proctor & Gamble entered a B instead of an M meaning BILLIONS not MILLIONS and the D-J trading computers took over. The D-J has an automatic kickin system for their clients on all of their stocks when they hit a certain level and due to the entry mistakewas entered P-G started to fall and in a short time the value of their stock had dropped around 50% and as traders stood on the floor the numbers just fell through the floor along with their jaws. The mistake was corrected by the end of trading however the mistaken bloodbath ended up costing investers an estimated 700 BILLION dollars.

I know your about to say here again is a case of imput error not the computer however thats easy to say if you weren't effected. Don't get me wrong i'm not saying lets go back to the stone age all i'm saying is lets slow the pace down alittle. When you think about it computers are in control of all of our day to day operations up to and including major deptments of every country in the world, and doesn't that make you think. No the sky isn't falling as i stated before we need to slow down and be sure of everything we enter on our keyboards. This is not the first time nor willit be the last but we can't cotinue to shrug our shoulders and say "OH WELL"

As always speak whats on your alegide minds, see you soon....