going around Wall Street last week....
Knight lost $440mil in ~45 minutes
That works out to ~$9.8mil a minute
Just for an idea of the speed at which they lost the money... they were losing money FASTER than the entire S&P was making it! (and we're just talking Revs here not net income!)
The 500 names in the S&P made $5.06T in the trailing 12 months
Here is the math...
S&P trailing 12 Revs $5,062,957,971,936
per day $13,871,117,731
per hour $577,963,239
per min $9,632,721
Knight loss $440,000,000
per minute $9,777,778
Nice posting, I like the way how you express yourself. Keep up the good work.
Posted by: Basketball Sneakers | August 11, 2012 at 05:18 AM
A mystery. A valid – but not commonly known – method of achieving something.
Posted by: seo az | November 30, 2012 at 05:13 AM
so funny that you just posted this, because earlier this week i blogged about exactly that.
Posted by: écharpe burberry | December 04, 2012 at 02:38 AM
so funny that you just posted this, because earlier sfrvgsdthis week i blogged about exactly that.
Posted by: niche blog comment | December 10, 2012 at 01:37 AM