The stock market has taken a huge hit. This is 90% (more or less) traders doing their patented “sell on any news” thing. There are also realistic reasons for stock prices to drop: Companies who depend on stuff that’s not going to arrive in time, or big sales gatherings, or sending trouble shooters out by airplanes… those are going to start making less money. That’s the part we should be thinking about. Not the price plunge that’s just panic.
The stock market has taken a huge hit. This is 90% (more or less) traders doing their patented “sell on any news” thing. There are also realistic reasons for stock prices to drop: Companies who depend on stuff that’s not going to arrive in time, or big sales gatherings, or sending trouble shooters out by airplanes… those are going to start making less money. That’s the part we should be thinking about. Not the price plunge that’s just panic.