“Incredibly dangerous” might be true..
But the issue is, some people were investing quite recklessly before this little crash... Same in 2008 with home loans etc. If you wanna “learn” from that time!
Recently with low interest rates people have become pretty aggressive with margin loans, gearing, leverage, however you want to put it, there was a lot of recklessness in an over priced market.
When leveraged people start getting margin calls from banks and they don’t have funds to weather the storm... They have no option but to sell!
I would guess there’s still a few over leveraged people that will need to sell if things drop hard for another week or two. There’ll be a lot of stop/losses getting hit.
So you might think it’s dangerous to sell now... But some people have no choice!
This isn’t done yet! I expect QAN to plummet some more.
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5 | 10801 | 5.820 |
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