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Article #672

Computers and the Stock Market

#672
From: William J. Joel
Date: Wed, 16 Mar 1988 16:10
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Recent discussions on the Digest have focused on whether the stock
market dip last year was caused by computers or by man.  Can we really
paint the picture that black or white?  It would seem to me that, as
in most other areas, the actual causes are mixed and are so entwined
that to separate them is both difficult and foolish.

I suggest that it's better to say that, yes, the fact that computers
were employed was a cause, and that the specific use of computers,
thus pointing to specific persons, was also a cause.

This topic emerged as part of a discussion in my Computers and
Society class.  The point I raised above is one I raised in class.
My students differed in their opinions as to the degree of
implication for each cause, but all agreed that the 'crash' was
initiated by a mixture of circumstances, if that's the right word.

A corollary topic I would like to see discussed here is how the crash
has affected the general public's attitudes toward computer use by
investors.  To me, it seems, things have been 'awfully quiet'.

Bill
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From: JZEM@MARISTB.BITNET (William J. Joel)
Newsgroups: comp.society
Subject: Computers and the Stock Market
Message-ID: <1716@hplabsz.HPL.HP.COM>
Date: 16 Mar 88 16:10:20 GMT
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