Well if you are long a market (expecting it to go up) and don’t have short protection (in case it drops), you are among the 95 percent who lose money to the other 5 percent. And the other 5 percent thanks you.The Black Monday or Tuesday, depending on your time zone, world wide market crash of October 19, 1987 made the 5 percent people tons of money.
Farside99 almost 9 years ago
…and most of that was already on margin.
David Huie Green LoveJoyAndPeace almost 9 years ago
“Oh dear! How will we ever survive?”
PICTO almost 9 years ago
It’s going to be hard committing suicide jumping out of a basement suite window…
Old Texan75 almost 9 years ago
Well if you are long a market (expecting it to go up) and don’t have short protection (in case it drops), you are among the 95 percent who lose money to the other 5 percent. And the other 5 percent thanks you.The Black Monday or Tuesday, depending on your time zone, world wide market crash of October 19, 1987 made the 5 percent people tons of money.
Jim Kerner almost 9 years ago
Sorry to hear that, big spender.