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Large, friendly letters

This stampede happened today...

United Airlines parent UAL Corp. lost almost all its market value after an erroneous report that the company had filed for bankruptcy.

Jean Medina, a spokeswoman for the Chicago-based carrier, said in a telephone interview that the report was incorrect. UAL fell to 1 cent, down $12.29, at 11:07 a.m. New York time in Nasdaq Stock Market composite trading. Trading in UAL's shares was halted.

I would say that this indicates the markets are a little tense today. Nervous, even. One local paper in Florida (of course, it would be Florida, wouldn't it?) mistakenly reposts a six-year-old story saying that UAL has gone into Chapter 11, and suddenly the stock goes through the floor?

The NYSE boasts that "the six massive Corinthian columns across [our] Broad Street façade impart a feeling of substance and stability and, to many, it seems the very embodiment of the nation’s growth and prosperity". Perhaps NASDAQ should consider adding to its website, in large, friendly letters, the words "DON'T PANIC".

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