Posts Tagged Black Monday
Friday Optimism
Posted by Belisarius in Markets on May 7, 2010
After frustrating American and Asian sessions, looks like the markets have calmed down. After opening sharply lower European equities are trading at -0.6%.
What to say on the U.S. action yesterday? Maybe only that the technology has evolved since Black Monday in 1987 and the trading programs were shut down (changed) very fast enabling the markets to recover large part of lost grounds.
Conclusions? Investors are greedy and fearful at the same time. We will probably see latter outweighing the first in the short term.
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