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For a short time, the market envisioned the apocalypse. That’s what the media was selling, and enough market participants bought it to temporarily cause a sell-
by IAmGraydon 7y ago
For a short time, the market envisioned the apocalypse. That’s what the media was selling, and enough market participants bought it to temporarily cause a sell-off. Also, consider that a very large percentage of market trading is algorithmic. In this sort of situation, they often amplify the panic by detecting human panic in the market and automatically selling.
- bamboozled 6y agoI don’t get this argument though, I have shares and I don’t think the apocalypse would make me sell them, what good is all of that cash ? The only people who should worry would be those who have all their savings in their share market, and I doubt the majority of share holders have all their money invested. Not sure this checks out. I’d sell because I’d hope to buy once we rescued the bottom though.