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*Stocks recovering

By Mark Lacter | May 6, 2010 12:48 PM

stocks.gif

Dow is down about 270 points with 10 minutes to go.

*CNBC is reporting that a trading error at a major firm is being blamed for the market plunge. Story developing...

A possible culprit for the drop was a trader error in which someone entered a "b" for billion instead of an "m" for million in a trade. Multiple sources confirmed the report to CNBC and CNBC.com

More by Mark Lacter:
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Say hello to the marijuana vending machine - and it's made in California
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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Previous story: Dow plummets 1,000 points

Next story: *So what happened?

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