I was sitting in my car when the market went crazy today. I’m glad I was. My BP and GS stocks have been battered enough over the last few weeks. I didn’t need the excitement of today. Some of the blame for the wild gyration is placed on computers.

From Reuters: But the follow-through selling that pushed stocks of some highly regarded companies into tailspins exacerbated concerns that regulators can quickly lose control of the markets in a world of algorithmic trading. High-speed trading, which uses sophisticated computer algorithms based on specific scenarios to automate transactions at speeds in the millionths of a second, now accounts for about 60 percent of U.S. equity volume. (read the entire Reuters story embedded below.)

One thought on “Computers blamed for stock market plunge”

  1. My Lee County Farmer’s Market shares dropped to 2 cents a share. I am ruined. I went to plunge to my death off the tallest tower in Lee County. But i kept slipping back down, (Heres a hint buddy row… those grain silos are pretty damn slick.)
    Luckely the market righted itself and my shares soared to 2.5 cents a share. So i am rolling in the money again.
    To all of you who are worried… Dont worry. I will be okay.

    BAMA SUCKS.

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