Quote:
I think a lot of Friday and Monday were margin call related. Tech has been decimated and the indexes, comparatively haven’t moved anywhere close to what tech has. So, there may be more downside get. Then again, maybe not!Originally Posted by KirillTheThrill
Nothing that I’ve read, or if you’re referring to what I said, talks about the dollar “strengthening”. Warren Buffet right now has 144 billion in CASH. Yes, every day you hold onto the dollar you technically become poorer due to inflation, but having cash on standby in a bear market allows you to have opportunities to make huge profits long term. If you’re doing any DD on the market data, we’re in margin call territory. Over leveraged funds will crater the market. If you have cash you can take advantage of the oversold investments.
Lots of people I know are losing their minds right now. What I thought were “seasoned investors” are contemplating liquidating everything. Very interesting times!