Wednesday, August 01, 2012
Brain dead in St. Louis.........
Dave Lutz, the managing director of U.S. trading at Stifel Nicolaus in Baltimore, cautions investors not to over-react to events like the Knight mistake today.
"A lot of people seem to think it was human error. At the end of the day it wasn't necessarily a failure of systems," he said. "It's not a reason for people to lose confidence in the markets."