News for hackers. Stuff that matters.

A comment on Stocks are rolling over, Dow falls 1,500 points. Parent comment

Re:Stocks are rolling over, Dow falls 1,500 points by KasianFranks on Monday February 05, 2018 @04:32PM (#16312398)
Wait until the 14th
[ Parent | on HN ]
Re:Stocks are rolling over, Dow falls 1,500 points by dragonwriter on Monday February 05, 2018 @04:37PM (#16312447)
Why would people selling stocks now hold cash until the 14th, and only then move into cryptocurrency?
[ Parent | on HN ]
Re:Stocks are rolling over, Dow falls 1,500 points by KasianFranks on Monday February 05, 2018 @04:46PM (#16312521)
In market conditions like this maybe you've heard that some subscribe to the financial maxim that "cash is king".
[ Parent | on HN ]
Re:Stocks are rolling over, Dow falls 1,500 points by dragonwriter on Monday February 05, 2018 @04:49PM (#16312554)
Sure, the maxim exists. What I'm interested in is the reasoning beyond the suggestion that the 14th is a magic date on which money that has moved to from stocks (and, in point of fact, cryptocurrency!) to cash for stability will suddenly decide, en masse, to move into cryptocurrency because “quality”.
[ Parent | on HN ]