Post by
wasitreallyok on Oct 20, 2022 1:53pm
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When markets are rolling along and proviiding investors a hefty income during periods of low interest rates people get over confident and borrow more than they can afford. But with the low interest rates and a good market people are able to make more than what they have to pay in interest. But when the market turns down at an alarming rate and interest rates rise there becomes absolute panic and people who are caught end up having to sell off all their holdings across the board from speculative stocks to banks and other blue chips. The market is in for an awful lot of pain so get ready. If you can't handle it sell and hold onto your cash. This is a market thing, not just one company. The last few days we saw an uptick so people think the crash is done and jump in for some bargain basement prices, only to have more down days come in and take the bargain price much lower than what they paid.
Those who have been attacking the company are not losing money as they were never invested, but they get louder and louder because they think they are taking the company down. Don't give them credit the market is taking a hit in every sector. Quit trying to debate these fools let them have the board who cares. Get a hobby and shutoff stockhouse. Soon these fools will see there is no one debating them they will move elsewhere to find others they can get a reaction out of.
Comment by
Arthur02 on Oct 20, 2022 2:22pm
lol the red market excuse is a meme at this point.. again when the markets green pyr continues down while others regain.. stop with the BS
Comment by
mollyriley on Oct 20, 2022 2:35pm
Excellent summary of the global markets and why all the downward pressure on ALL the stocks but esp things like pyro! Well put
Comment by
Arthur02 on Oct 20, 2022 2:46pm
except plenty of stocks have continued to go up.. this excuse is dumb and logic flawed