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Why the Market Plunged

Over at the 'Breaker my man Carney pretty much nails what happened to the market today:

There will be lots of talk about what changed between the final hours of trading yesterday and this morning. Our explanation remains: the aggregate buying and selling activity of investors, motivated by heterodox and often unarticulated strategies, produced the results.

November 01, 2007 in Finance |

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  • The Stalwart is a blog written by Joseph Weisenthal, covering such topics as stocks, business, economics, politics, technology, gambling, chess, poker, economics, current events, music, math, Chinese food, science, randomness, kurtosis, sports, evolutionary fitness, and anything else of the author's choosing. The words contained herein are the author's own, not affiliated with any other firm or employer.

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