| |
| | When Is a Sell-Off a Sell-Off? - By Rob Walker - Slate Magazine (Site not responding. Last check: 2007-11-03) |
 | | Shortly after the close came the voice-over introducing the post-bell reports, "From CNBC, this is coverage of the market sell-off." Not 60 seconds later, CNBC's Bob Pisani was explaining that, actually, what happened today was not a sell-off at all. |
 | | Actually, Pisani said, the number of sell orders wasn't high, but there was what he called "a buyer's strike," meaning that the steep price falls were attributable to a dearth of demand. |
 | | But it would seem that Pisani has a reasonable point: that there is a difference between a drop caused by high numbers of people wanting out of the market and one caused by low numbers of people wanting in at these prices. |
| www.slate.com /id/102334 (605 words) |
|