![]() ![]() Now markets have been headed down for several days since last week. ![]() And honestly that makes sense, because if you’re an investor, or even just have been paying attention to the the stock market over the past year, you’ve probably asked yourself in casual conversation, “Gee, how long can this go on? When should I get out?” Well, all the robots may have decided that the answer to that question was just after 3 p.m. So basically a whole lot of trading robots happened to decide that this was a good time to get out of the market. Equity buy and sell programs that sensed this was a good time to take profits and get out of the market. There is one possibility that it was basically algorithms at work. Here’s John Lonski is with Moody’s Analytics: A couple people I talked to did offer up one possibility though. On the surface, there is no crisis, no shattering economic data, no change in forecasts to explain this. ![]() So why is this happening? To be perfectly honest, a lot of the analysts I talked to … don’t know. We’ve recovered some of that loss but still down - any word on why this is happening? That’s remarkable – the largest intraday drop in the Dow ever. We were down about 700 points, and in the space of 10 minutes, we dropped another 850 or so, at which point the market came roaring back until it was down just 700, and now we’re done - 1,000 again. So what does it mean? Marketplace host Amy Scott asks correspondent Sabri Ben-Achor to break it down.Ĭhris Low, he’s head of FTN Financial, told us what he was seeing off the trading floor earlier this afternoon: That might give you a knot in the pit of your stomach since we aren’t used to seeing moves like that. At one point, it was down nearly 1,600 points. The Dow Jones industrial average was down 4.6 percent today and had its largest same-day drop, in terms of points, in history. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |