What passes for sanity on Wall Street was eventually restored, and after falling 998.5 points or 9.2% in only a few minutes, stocks ended the day with a relatively benign loss of 3.2%, 347 points off the Dow, in what was still its biggest one-day tumble since February, 2009. Luckily, investors didn’t see that much of an impact during this loss. Stock markets do tend to fluctuate from time to time, so investors should expect this. Hopefully, the stock market will increase again after this, encouraging more people to try and invest their money. For those who do want to do this, it might be worth reading about welche Aktien kaufen (what stocks to buy) online to make sure the investment will be a good one. No one can predict the stock market, but choosing a safe option is always a good idea.
The more or less rational fraction of this mini-panic was apparently fear that the Spanish economy would collapse along with Greece, and then…
Robot-traders ran wild!
The 1987 crash, when the Dow lost 20% in a matter of hours, was blamed squarely on program trading, in which computers are set to sell (or buy) when stocks hit a certain threshold.
But at the end of the day, nobody knows exactly what happened, or why, and our economy continues to be ruled by a tunnel-vision coalition of half-bright wonks and predatory hustlers.