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Political Discussion
Reply to "seems like trump was warned and ignored everything "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]He didn’t ignore. He and his buddies shorted the market. [/quote] I keep hearing that yet do not understand what it means. Could you explain it? They would sell right before the market tanks?[/quote] They knew the market was going to tank, because they had intelligence on the spreading pandemic. So, they sold their stocks while the market was close to 30,000. - not a finance person [/quote] Shorting the market is betting the market will go down, so in addition to selling stocks at a high, you can also "loan" shares to sell and then buy them back when the market tanks. That is what happened in "Trading Places" if you didn't understand how the Dan Akroyd and Eddie Murphy charcters got rich while bankrupting the Dukes.[/quote]
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