The core of the problem in the stock market today is not the economy. It is not the drop in home prices. It isn’t even the overplayed “mortgage crisis”. It is SHORT SELLERS! From the theliepolitic.com
Really? Are you sure? What spikes up will spike down. Do the short sellers increase the speed of the spike down? Of Course. But I don't see that being the core problem. The real reason is that the market as been on the edge for a downturn for the past 15 years, and the powers at be have been propping it up. It's simple physics at the most basic level. And supremely complicated at the other end. What ever has gone up for this long must come down. Just look at the historical charts. You'll be amazed how we lasted this long.
Tags: 1987 stock market crash, stock market crash