Opinion of majority is irrelevant in markets. Here’s what really matters
We were in for a long trading day – it started with Nikkei down 4 per cent, FTSE100 followed 5.5 per cent lower and CAC and DAC cracked 7 per cent each. Stranger still is the fact that an attempt to liquidate a 50 billion trade resulted in almost $3 trillion in equity losses worldwide ($30 trillion global equity market then).
