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Machines Had Their Fingerprints All Over a Dow Rout for the Ages

Tuesday, February 6, 2018 | Tag Cloud Tags: ,

(Worthy News) - Risk parity funds. Volatility-targeting programs. Statistical arbitrage. Sometimes the U.S. stock market seems like a giant science project, one that can quickly turn hazardous for its human inhabitants.

You didn’t need an engineering degree to tell something was amiss Monday. While it’s impossible to say for sure what was at work when the Dow Jones Industrial Average fell as much as 1,597 points, the worst part of the downdraft felt to many like the machines run amok. For 15 harrowing minutes just after 3 p.m. in New York a deluge of sell orders came so fast that it seemed like nothing breathing could’ve been responsible.

The result was a gut check of epic proportion for investors, who before last week had been riding one of the most peaceful market advances ever seen. The S&P 500, which last week capped a record streak of never falling more than 3 percent from any past point, ended the day down 4.1 percent, bringing its loss since last Monday to 7.8 percent. [ Source: Bloomberg (Read More...) ]

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Worthy Christian News » US News » Machines Had Their Fingerprints All Over a Dow Rout for the Ages

3 thoughts on “Machines Had Their Fingerprints All Over a Dow Rout for the Ages

  1. This is a good opportunity to jump into the stock market. It will go back up. The economy is getting ready to take off like a rocket. I would pray about it and then wait to hear from the Lord.

  2. This is a good opportunity to jump into the stock market. It will go back up. The economy is getting ready to take off like a rocket. I would pray about it and then wait to hear from the Lord.

  3. It is most likely going to happen again next month while its taking too long figure out if it was caused by some computer (nations?) overseas intervention.

    The economy of the USA is too hinged on that countries (and worldwide also) real estate markets. The USA has serious trouble allowing biblical economic system. Israel did it, slid off of a biblical economic system, the one in the Bible for them, too. One would think both Israel and the USA could/would seek one that does not require it to force widows and the poor to sell their homes, then subsidize landlord (private and public housing owners) to house the ones even the GOP can't stand to see homeless (such as their own mothers, disabled siblings, etc.).

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Worthy Christian News » US News » Machines Had Their Fingerprints All Over a Dow Rout for the Ages