RE:RE:Off topic? I don’t think so!My theory is the portfolios of higher-risk / growth investors are cratering and a lot are most likely trading on margin. So you're getting some contagion from the tech wreck but also some selling of more solid energy names to cover margin calls. I'm definitely keeing some cash on the sidelines as well.
alvarez2 wrote:
Looks to me like general markets are setting up for a major sell off. Showing lots of weakness around the fringes with speculative growth stocks taking an over due plunge. Tesla, Netflix , Shopify, Bitcoin, etc. If enough panic takes hold, it won't matter what it is........sellers will be unloading whatever will take a bid. Seeing oil at the level we're at and the O&G stocks going down for 3 straight days is a bit of a red flag to me. I'm guessing that there will be some great bargains to be had over the next 12 to 18 months. Dry powder is prudent imo.