Page 9 - Panic Selling News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Catastrophic. it's unthinkable. when you do that, what do you think you do to investors or worried about your own political future? >> and mr. money joins us on the couch. good morning to you. >> good morning. >> it's interesting over the weekend, they were talking about how, ok, we're going to come together with a plan before the markets open in asia and the united states. no plan. what's happened? >> ok, no panic selling of stocks. that's the headline. no panic selling. the stock market will open lower this morning. instead, what you got is panic buying of gold! everybody rushes to safety wh...

>> the odds of you standing there with the big check are just north of zero. so, why do we buy a ticket? >> are you ready. >> scott hotel is part of duke university's neuroeconomics team, exploring among other things why smart people make foolish decisions with their money. >> people don't buy a lottery ticket just because they have a chance of winning. they will buy a ticket because over the next couple days it allows them to fantasize what they would do if they won the lottery. in a sense they're paying for that experience rather than a chance for the lottery itself. >> it's not ju...

We're supposed to be rational and objective but often our behavior is anything but that. as we saw last may. >> panic selling. the flash crash of may 6th, 2010. the dow plunges nearly 10% in less than 30 minutes. the panic leading to a suspension of logic. >> rationally, it was clear that something was amiss, something was going on. >> the human brain really does not like surprise. the reason the flash crash was so devastating, is because it was so inexplicable. it caught people completely by surprise. >> if you choose to gamble you have a 50/50 shot of keeping all 40 or losing all to receive ...

10.5% down yesterday, and that's what happened today, the nikkei closing 5.7% higher today. there was some bargain hunting. that is what traders are saying. this is what it's all about. basically, such a big selloff, panic selling yesterday. everything was being dumped, basically. buyers coming in today, companies -- big companies like toyota getting a boost, sony up nearly 9%, toyota the same. a lot of people thought this selloff had been overdone coming in today to pick up what they consider bargains. it's difficult, though, nina, given the fact we don't know what's happening at that fukushi...

Japan. $720 billion, that is the number that we're hearing of how much has been wiped off the value of the japan stock market. that's an incredible number. and this is why. there's been another big, big selloff today. if you look at the nikkei 225, down by 10.5% at the close, it was down by 14.4% at one stage today. this was panic selling. the market players in japan were saying that everything was being sold today, particularly by the big hedge funds. they were just dumping stocks. you had this panic selling. and over the past two days, we've seen after 6.2% fall and now this 10.5% fall. if...