OK, so maybe I was a little overoptimistic in yesterday's post. Seems like the market slide may not be over quite yet. The market ended up only about 50 points in the black yesterday, and it's just about erased that gain so far today.
At least no one is blaming "computer glitches" today. (In fact, I heard some NPR commentator say that given the volume of trading on Tuesday, the computer problems were actually less severe than might have been expected.)
In addition, it's important to note that while technology companies have been losing value along with everyone else, this is not a technology-driven selloff. According to BBC News, it seems more about a new Chinese tax, slowing housing activity in the US, and a general sense that equities were over-valued.
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