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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: set who wrote (3520)9/22/1998 10:54:00 AM
From: Moominoid  Respond to of 5676
 
My opinion is that if the short-term time series dynamics are similar across stocks they are all likely to respond in a similar way to a macro shock of some sort. Then the index will move fast and panic people to all make further moves in a similar direction across the board reinforcing the move. Of course this is just idle speculation/intuition.

David