Market forces at play. Over supply and the clever ones get out while the ones that hold on for hope lose out.
Its the way of the world.
PLS about to go the same way.
GXY could be the next domino to fall in about a years time if it doesn't turn around and I think its game over now for lithium stocks.
Hydrogen power is coming in both power plants and for use in cars which is far cheaper than lithium.
Many will then get in early and invest with hydrogen then when it shoots up the clever ones will get out
by which time another technology will be knocking at the door.
Recession fear sand a new GFC the worry now which means investment goes on a holiday for a while and it takes a good 10 year to come out of that. We've still not out of the last GFC crisis. Wages have gone no where. People don't have the money to spend. The banking royal commission has made it that much harder to lend and this causes a new problem.
Then there is Trump causing world market kaos.
A perfect storm takes over. US will continue to go after China creating even more kaos.
CNN has reported that all the billionaires around the globe are selling their shares at a rate of over $600M US this year alone. They fear a nasty shock to the market coming our way.
Brexit and no deal means kaos in Europe and the UK. Everything gets pushed back years and the result is companies will fall hard.
