mylifeistrash
Banned
-
- Joined
- Dec 28, 2017
- Posts
- 14,882
Media urges people to invest, then follow day the markets crash 7% in one day. Even tech stocks take a huge beating.
Even experienced traders on forums were somewhat confused. They called the bottom as being only 1-2% down. It ends up dropping ALL DAY.
This is why money maxxing is also a nearly a scam. Unless you're at goldman and you have insider info, you would have gotten smashed by "investing" in equities and lost 7% of all your wealth over night.
And now there probably won't be a new stimulus, so stocks will take years to return to that previous high.
"So avoid the stock market bro"
- boomers have their 401k invested in it
- dollar index keeps dropping fast = inflation keeps rising fast
so you lose either way
Even experienced traders on forums were somewhat confused. They called the bottom as being only 1-2% down. It ends up dropping ALL DAY.
This is why money maxxing is also a nearly a scam. Unless you're at goldman and you have insider info, you would have gotten smashed by "investing" in equities and lost 7% of all your wealth over night.
And now there probably won't be a new stimulus, so stocks will take years to return to that previous high.
"So avoid the stock market bro"
- boomers have their 401k invested in it
- dollar index keeps dropping fast = inflation keeps rising fast
so you lose either way