Jeremiah Lee on Nostr: Within 1 day of the crash, the Nikkei 225 index was back to its January value and the ...
Within 1 day of the crash, the Nikkei 225 index was back to its January value and the Dow Jones Industrial Average back to its May value.
There were reasons for minor pessimism, but not a crash. Nothing geopolitical happened. Fundamentals are sound. Economy is doing fine-ish.
This is another example of high frequency traders causing a bigger problem than market signals their algorithms responded to.
I don’t know the best way to melt these snowball effects, but it’s not beneficial to society.
There were reasons for minor pessimism, but not a crash. Nothing geopolitical happened. Fundamentals are sound. Economy is doing fine-ish.
This is another example of high frequency traders causing a bigger problem than market signals their algorithms responded to.
I don’t know the best way to melt these snowball effects, but it’s not beneficial to society.