mjmj schreef op 24 augustus 2015 20:48:
Guardian blog:
If everyone knew the Chinese economy was slowing down, why are markets falling so much.
It’s worth remembering that many traders are at the beach or the golf course, meaning that market moves are amplified at a time when fewer people are involved.
Demetrios Efstathiou at Standard Bank says the sell off has been been amplified by a number of factors, none of which relate to China.
We start with the August holiday season that finds many risk takers on holidays,
followed by the breaching of technical support levels, then the strong presence of computer algorithms trading in such illiquid times.
......
Over on Wall St, market watchers are calling the sharp early decline on New York stock markets as
“more shakeout” than cut and run by investors.
Jason Ware, chief investment officer at Albion Financial Group in Utah, blamed early losses on “indiscriminate selling” -
automatic trading, rather than a considered decision to get out of the market.
We are unlikely to be going into a bear market .
There are a number of positive things happening under the surface of all this chaos and it is easy to forget those things when you see these types of moves.
Quotes via Reuters