NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Article in Bloomberg:
See: https://www.bloomberg.com/news/arti...s-fled-equities-as-markets-sunk-and-recovered
Now, some brokerage Web sites were swamped and people could not get in. The selling would be worse if they all could.
"Retirement savers violated a cardinal rule of investing this past week: they sold into a plunging market.
After racing into equities in January, they did an about-face as markets fell on Friday Feb. 2...
On Monday, when the Dow Jones Industrial Average plummeted 1,175 points, they repeated the pattern, this time trading at 12 times the typical pace...."
See: https://www.bloomberg.com/news/arti...s-fled-equities-as-markets-sunk-and-recovered
Now, some brokerage Web sites were swamped and people could not get in. The selling would be worse if they all could.