Subject: Re: China fires across the bow
Let me introduce you to Mr. Market...
Mr. Market is often identified as having human behavioral manic-depressive characteristics, he:


Another take is
"A chaotic, erratic decline signals panic setting in among the algorithms. It means their code cannot interpret the conditions they are programmed to use for trading."

Ever since computers were invented the trading houses wrote trading algorithms. Now that AI is coming onstream, they surely are heavily using algorithms with AI.

Computer algorithms have difficulty with situations that the developers didn't account for.