Is this just a little Purim Sameach or is this what we call a “bounce?”

N.Y. stocks surge in morning on earnings improvement at Citigroup+

So, the New York Times had a very good explanation about how the big investment firms screwed up and helped put the global markets into their current state.  It looks like the whole thing boils down to computer operator error. Yep, investment companies had account executives who were misusing their risk management software that was designed to warn them when a particular investment was about to go under.

How Wall Street Lied to Its Computers – Bits Blog – NYTimes.com

All I can say after reading it is, finally a rational analysis that explains the cause of our current financial crisis and puts the responsibility right where it belongs, on the shoulders of the people who work the markets and their failure to properly operate their own risk management software.

I hope I have the wisdom to avoid similar mistakes in my own endeavors.  G-d willing, we will all learn some valuable lessons from this financial disaster that will help us improve our world.