us stocks take a major plunge

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beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,477
odd to have supposedly reacted to Greek riots a full day later, but cant see any other news to trigger this. just the irrationality of the markets.
 








seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,719
Crap Town
perhaps they have inside info on the election results :)
 


Uncle C

Well-known member
Jul 6, 2004
11,697
Bishops Stortford
odd to have supposedly reacted to Greek riots a full day later, but cant see any other news to trigger this. just the irrationality of the markets.

Markets are not irrational They respond to fear and uncertainty.
 




beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,477
Markets are not irrational They respond to fear and uncertainty.

they respond to uncertainty irrationally, in the short term at least. selling because others have without any information, only to buy back a hour later is pretty irrational behaviour.
 


withdeanwombat

Well-known member
Feb 17, 2005
8,708
Somersetshire
Watch the bank scene in Mary Poppins where the kids want their pennies back.
 


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