Question: In program trading, computers decide when to buy or sell stocks on behalf of large, institutional investors. The computers then carry out those transactions with

In program trading, computers decide when to buy or sell on behalf of large, institutional investors. The computers then carry out those transactions with electronic speed. Critics claim that this practice is a major reason why stock prices rose and fell sharply in the 1980s. Is this idea plausible? Why or why not?

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