I can't see any way this glitch fueled any part of the market "collapse." We should remember that the Dow Jones is only a composite of actual stocks. It's an indicator. Would we say that it got cold outside because a thermometer got stuck and then suddenly plunged?
The Chinese market dropped 9%, everyone got scared, and the DJI was a little slow in reporting the real values. It was corrected, and showed the market regain a little of what it lost. Up until 3pm, I was a little surprised at how well the Dow was doing in comparison to other indicators. If anything, this should have given investors a little confidence instead of making them sell so quickly.
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My environmentalist friends don't have other interests in mind, they just don't know any better.
I can't see any way this glitch fueled any part of the market "collapse." We should remember that the Dow Jones is only a composite of actual stocks. It's an indicator. Would we say that it got cold outside because a thermometer got stuck and then suddenly plunged? The Chinese market dropped 9%, everyone got scared, and the DJI was a little slow in reporting the real values. It was corrected, and showed the market regain a little of what it lost. Up until 3pm, I was a little surprised at how well the Dow was doing in comparison to other indicators. If anything, this should have given investors a little confidence instead of making them sell so quickly.