I think some of the “just the flu” Freepers were “risk on” in the stock market and other financial instruments.
Those folks have lost their shirt at this point, particularly if they traded on margin.
Check out this financial story:
https://www.zerohedge.com/markets/cftc-quietly-bails-out-capital-one
One oil futures trade—a billion (yes, with a b) dollar loss that would have destroyed a huge financial player if .gov didn’t bail them out last week.
The average “investor” does not have .gov to watch _their_ back when they make stupid gambles...
True that as well.
A LOT of older people were WAY more invested in the stock market than they should have been given risk/benefit analysis for their age demographic.
A LOT.
And the market is an acceptable ‘gambling’ venue for ‘nice’ people who’d never venture into a casino because gambling is a ‘stupid tax’.