Another is how volatile shares, strutting online traders and cash-crunches at brokerage firms signal that a toppy market is poised to crash.
(of a substance) easily evaporated at normal temperatures.
Having a stiff, erect, and apparently arrogant or conceited gait.
Information technology is being used to make trading free, shift information flows and catalyse new business models, transforming how markets work (see article).
Cause or accelerate (a reaction) by acting as a catalyst.
And, despite the clamour of recent weeks, this promises to bring big long-term benefits.
A loud and confused noise, especially that of people shouting vehemently.
Together, they bid up the prices of some obscure firms in late January.
Not discovered or known about; uncertain.
Since January 28th the most prominent, Robinhood, has raised $3.4bn to shore itself up.
Although the whiff of mania is alarming, you can find reasons to support today’s prices
A smell that is only smelled briefly or faintly.
Meanwhile, information flows, the lifeblood of markets, are being disaggregated.
Separate (something) into its component parts.
Computers can aggregate baskets of illiquid assets and deploy algorithms to price similar but not identical assets, expanding the universe of assets that can be traded easily.
A whole formed by combining several (typically disparate) elements.
(of assets) not easily converted into cash.
By contrast, in markets losses act as a disciplining force.
Train (someone) to obey rules or a code of behavior, using punishment to correct disobedience.
Stupidity, greed and a killer instinct are all perfectly acceptable: deception, including the spread of misinformation, is not.
The action of deceiving someone.