The Investment Thread
Friday was like standing on the glass floor observatory at the Sears tower and seeing a crack. If momentum starts moving down and breaks key support on the SP it's going to get really ugly. So many retail traders that have never been punished for bying the dip or have never seen a bubble burst would lose so much, so fast and they would likely double down on those loses on the way down. Those hedge funds that have been getting their arses handed to them for years but managed to survive would make it all back in a matter of hours.
I've been the idiot that hasn't been making money the last year because of the downside risk.
I think Monday will be a nice rebound day but just a friendly reminder of what is going to happen at some point.
Friday was like standing on the glass floor observatory at the Sears tower and seeing a crack. If momentum starts moving down and breaks key support on the SP it's going to get really ugly. So many retail traders that have never been punished for bying the dip or have never seen a bubble burst would lose so much, so fast and they would likely double down on those loses on the way down. Those hedge funds that have been getting their arses handed to them for years but managed to survive would make it all back in a matter of hours.
I've been the idiot that hasn't been making money the last year because of the downside risk.
I think Monday will be a nice rebound day but just a friendly reminder of what is going to happen at some point.