There has been a big attempt by the media to portray the stock market plunge as all the fault of computers.
This is as problematic as claiming the ‘market fundamentals‘ are somehow a touchstone against any wider issues.
There is truth in blaming the computers for their nano second trading that exacerbated the sell off because the majority of trading is now done at this millisecond speed, the problem is that because the majority of sell or buy bids are automatic algorithms, once these events take off they can’t stop, and these events will continue to occur as the treasuries market and interest rates being offered continue to offer better returns than the grossly over inflated stock exchange.
Blame the computers all you like, but also acknowledge that the 10 years of distorted markets due to trillions spent on quantitive easing has created a perfect storm where the AI of the computers becomes ruthless with the greed of the humans.
This is only going to continue to happen.