To those who say the stock market is nothing more than a casino we present the following:
Add to that Thursday’s 192 point swing…
… and we get the big dipper (which has been seen in other stock market constellations)
Perhaps it would be best if the equity market went on holiday for the rest of August.
Just till things calm down a bit.
Related link:
Keeping it classy, Rupert – FT Alphaville
Are markets bonkers – Robert Peston
Lessons from stock-market volatility – Felix Salomon