Tuesday 8 July 2008

Stock market sell-off?

I don't think so. Everyone from lay people to stock market analysts refer to the recent market activity (going decidedly lower) as a sell-off or as "everyone selling". Not everyone is selling. In fact, for every share sold, someone buys a share. That's the way the market works. You can't sell a single share unless someone is willing to buy it. So, you would be as accurate in calling it a buy-off as a sell-off. Just one of my kazillion pet peeves.

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