What’s happening to the stock market?
The stock market indices world over are having a free fall.
The Indian barometer, Sensex, too has shed over 1600 points in just one day, which is a close to 6% drop in its value.
Why? Many pundits are busy deciphering the reasons but in this complex world, it would not be easy to find out what exactly has led to this.
In “Against the Gods – The Remarkable Story of Risk“, a book by Peter L. Bernstein, he mentions that a flutter of a butterfly can cause a typhoon halfway around the world.