Last week we could read from the — supposed to be — knowledgeable people that short-selling (see article) is to be blamed for falling stock market. Yesterday it was the computers turn to be blamed.
According to some financial “professionals” it was the computer guided trading that is to be blamed for many of the big declines in the market, such as the one we saw yesterday when stocks fell 5-6% across markets. I wonder how the authorities think that their ban of short-selling turned out?
From time to time you will hear other equally ridiculous claims such as it is the fault of the:
- Scared Investors
- Investors taking wrong decisions
I guess markets still have a long way to fall when we hear these ridiculous claims trying to explain why the stock market declines.