By SIMON CONSTABLE
New York ( TheStreet) -- Volatility is back in the stock market in a big way, and it isn't going anywhere quickly.
Why? A big part of the story is so-called technical trading by computers and analysts who care little for the economic or business fundamentals of the companies that are bought and sold. Instead, many decisions to buy or sell securities are being driven by changes in stock prices using what can seem like arbitrary "rules."
"This phenomenon is here to stay," says Milton Ezrati, senior economist and market strategist at Lord Abbett. "The problem is that it is automatic and it involves massive amounts of securities."
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