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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
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.