Much of this drop is due to supply chain concerns.
Should be a whole bunch of "risk management" and "executive" a-holes on the street after this week.
#51 Let’s say I know this person who works for a Fortune 500 Company...They had a local manufacturing base. A few years ago they hired a consulting firm to come in and make recommendations to “maximize profits”.
These Idjits recommended selling their factory and outsourcing their production to a “Asian” Country.
Turns out now, the factory they sold is undercutting their market (large scale Government Contracts) with a bit of a twist in the product. Also selling retail around the world.
ANNNNNND their Asian “partners” are shut down cuz well people are falling over dead.
But the CEO is still getting paid his/her 8-10 million a year.