"Take advantage of their relative inexperience which creates opportunities for professional investors. Retail participation was also high in ’99 when the NASDAQ rose 99%."
Worrisome virus data appeared to be the catalyst for some of the move but to be frank, the entire rise off the lows in March made no sense so trying to explain this intraday collapse is momentarily useless...
"I loved how your reporters acted like my best friend during the interview and then just mixed in insult after insult without ever asking me about misogynistic claims against us."
"The future progression of the pandemic remains highly uncertain, with resurgence of the outbreak a substantial risk. In addition, the economic damage of the recession may be quite persistent."
"The answer, no doubt, depends on if you’re feeling lucky. If so, go ahead and buy stocks. And while you’re at it, play a round or two of Russian roulette..."
"Perhaps both will want to snap up the USD1bn in a new bankrupt stock offering from a US car rental company whose name tells you everything about how silly this market is: so silly it hertz."
We are all well aware (and history has proven) that the Fed’s policies to help the vulnerable help the wealthy far more and continue to fuel wealth disparity.
The ongoing chaos in Seattle is fueling new questions about whether decisions to disarm the state’s National Guard and have the Seattle police stand down are fanning the flames of protest and emboldening activists hell-bent on anarchy.
