Wednesday, July 29, 2009

Feedback loops

In Hurrying Into the Next Panic? Paul Wilmott comments on the phenomenon of split-second trading that JLM mentions below.

Was portfolio insurance really the cause of Black Monday in 1987?

1 comment:

JLM said...

Let's put it this way: After 1987, nobody wanted to talk about portfolio insurance anymore. The Motley Fool explains how portfolio insurance poured fuel on the fire here.