Really? Again, aside from hyperbole, any real evidence? Or just more goofy PANIC?
So now that morning has arrived..what you claimed would happen DID NOT happen...and news article after news article today is already talking about MARGIN CALLS...
perhaps next time you will realize there are people here who do know what they are talking about when it comes to the market.
I don’t know how bad it will get...I don’t know when the Algos will decide enough is enough...but what I do know ..and anyone who knows a damn thing about the market should know...Margin calls killed some accounts last night..and will today.
And it sucks because had they had enough staying power to withstand the margin call their account may go back to where it was on Friday but instead...it blew up.
oh and btw, just because YOU can’t trade on margin in your 401k..doesn’t mean what you invested in is safe from getting hit by what is about to happen to today.
Will Meade
@realwillmeade
· Mar 2
Lastly told all family and friends who are retired or over 65 to go to 100% cash last week. Selling everything from equity funds to bond funds.