Less than reassuring words from ECB Bank Draghi Chairman have impacted markets this morning. All markets are down moderately. A large trading error from Knight Trading a moderately sized brokerage firm has severely impacted that stock, with a drop of 70% in two days. The company is seeking other capital sources, which means that without some intervention the firms continued existance might be in question. The word is that Knight may have lost as much as $440 million in an erroneous trading technical glitch. Gold and oil are down, while the dollar is mixed. Interest rates are up slightly. It could be a rocky day today in the markets.
