Stocks

When Trump was elected several leading economist predicted the market would tumble but instead the Dow rose by 9,000 points. These gains have all been lost in just a couple of weeks but many are thankful for the rise because if the market had gone the way some had predicted the Dow might now be below 10,000 where it was over 20 years ago. The logic of trading by investors who investigate stocks has been replaced by computers and on volatile days computers conduct 90% of the trades. The computers base buy and sell decisions on algorithms that are activated by certain words in the news reports. Thus computers chase each other up and down as small investors watch their retirement funds gyrate.