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honest question why is the market still open? So we all sit around and read crazy news and watch investors get destroyed for the next 2 months?
by jarsin 7y ago
honest question why is the market still open? So we all sit around and read crazy news and watch investors get destroyed for the next 2 months?
- mindslight 7y agoObviously yes. It's called a correction. We've had over a decade of monetary-policy-fueled asset bubble. VCs were spending money just to litter the sidewalks with easily-purchasable consumer goods, in hopes of renting them out for some kind of income. It has to pop some time. There is also the issue that economic annealing has optimized all of the slack out of supply and financial chains. That should have been dealt with during the good time (similar how USG should have kept domestic mask manufacturers alive). But it wasn't, and the only way forward is for that risk to be re-priced-in.
- outworlder 7y agoIf you close the market and don't solve the underlying problems, the moment it reopens you will wish it remained closed.
- jarsin 7y agoThats what i mean. Why is the market not closed while the world deals with the virus? If and when the world deals with the virus reopen. This is forced closure of most commerce in the world due to the virus and everyone is suppose to speculate on the future earnings of every company in the world durring this time... Its unprecedented and it needs to be shutdown.