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Reply to "More stock market carnage coming?! S&P futures down another 4.5%!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] Start a South Park thread if you want, but this is a financial forum. Let’s talk about those futures! Looking pretty good! [/quote] [i]“In a bear market, stocks return to their rightful owners.”[/i] -J.P. Morgan [b]Anyone who had weak hands while assuming the world was ending and sold during yesterday’s open[/b], then second guess themselves after seeing all that green and re-buy in at today’s open…Congrats! You just locked in a permanent 5% loss of your portfolio. Jack Bogle said it best: “Don’t do something, just stand there!”[/quote] Unsurprisingly, this didn't age well. No one knows what is going to happen with the market, least of all you (with your simplistic view). Funds have no choice to sell. Ever heard of margin calls? The volatility is being driven by a mix of low liquidity and algorithmic trading bots. The market doesn't like uncertainty or volatility, which Trump has manufactured. [/quote]
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