Market was overbought on cheap/printed money.
Companies using buyback to inflate shares and loads of zombie companies who would go under normally but with rates so low they survive. Market needed a reset to get rid of the dross and it usually falls 3 times faster than it rises cause traders are on margins and have to jump ship when something like this happens. Strange thing is Gold hasn't moved much prob cause traders need hard cash to cover their positions.
Posted By: Men without hats on March 12th 2020 at 16:41:51
Message Thread
- Stock market crashing and yet virus only just started (NCFC) - Larry Hagman, Mar 12, 14:38:21
- Market was overbought on cheap/printed money. (NCFC) - Men without hats, Mar 12, 16:41:51
- People will have to make big changes until there is a cure (NCFC) - Larry Hagman, Mar 12, 14:58:36
- No. (n/m) (NCFC) - protheroe fitzgibbon, Mar 12, 15:24:36
- How do you know that then, Lazza? (n/m) (NCFC) - Yellalee, Mar 12, 14:48:14
- it was mentioned in one line of a Peston piece earlier today i think (NCFC) - Ralf Scrampton, Mar 12, 14:58:05
- he could be right, there's a serious risk it could become seasonal (n/m) (NCFC) - Worzel Scrimmage, Mar 12, 14:55:44
- Oh no! (n/m) (NCFC) - protheroe fitzgibbon, Mar 12, 15:20:38
- he doesnt (n/m) (NCFC) - ghostof barry butler, Mar 12, 14:50:42
- World leaders have told him... obviously (n/m) (NCFC) - earlydoors, Mar 12, 14:49:26
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