In July 1914 the stock market was shutdown till December that year. I worry something similar could happen and I would be unable to get the most out of my wallstreet vix casino bet. I didn't put all down on red but it is growing fast.
Furthermore would this help anyone if an extended break is forced? If I am unable to trade is there any solace that this is all going to work out for the greater good?
Not trying to spread fear, just regurgitating some forgotten history that might be important.
I'm sure most people would not appreciate being locked out of their funds. At least dividends should still flow..
It was vixy. Started at $20.85 on feb 28 and held onto it till this morning when I traded it around $47 for tvix at $590 or so. Holding on until something more certain comes up.
I am looking for a general spending plan by the central government that will support the lower part of the economy and small business backbone life support line. The cost would be something like $1000 per adult one time (we can do this again later if we have to) and a negotiable short term life line to small businesses. A bureaucracy can price that per business in a reverse auction or whatever. The total cost on this exercise is around a trillion dollars. We can easily finance this at these low rates on the national debt so certainly we can survive it financially.
Then and only then will I sell. At least for about the same amount of time 2008's crash lasted.
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[ 3.3 ms ] story [ 26.9 ms ] threadFurthermore would this help anyone if an extended break is forced? If I am unable to trade is there any solace that this is all going to work out for the greater good?
Not trying to spread fear, just regurgitating some forgotten history that might be important.
I'm sure most people would not appreciate being locked out of their funds. At least dividends should still flow..
I am looking for a general spending plan by the central government that will support the lower part of the economy and small business backbone life support line. The cost would be something like $1000 per adult one time (we can do this again later if we have to) and a negotiable short term life line to small businesses. A bureaucracy can price that per business in a reverse auction or whatever. The total cost on this exercise is around a trillion dollars. We can easily finance this at these low rates on the national debt so certainly we can survive it financially.
Then and only then will I sell. At least for about the same amount of time 2008's crash lasted.