The markets' swift downdraft is historic in how quickly it occurred. I would attribute a large portion of it to the exponential growth in the application of computers in trading and money management. While it is clear there are going to be earnings downdrafts in the next few quarters, computers
The interesting thing about market tops is the perception of risk is framed by most as being less risky. When anything reaches the high point of its cycle, the upside potential is much less than the downside risk.
