Re:Interpreting a market plunge
by RhysU on Tuesday February 06, 2018 @05:22AM
(#16315393)
I like to think that it's being long on Capitalism.
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That's exactly what it is, if not going long on human society itself. So far I've found, without fail, that everyone with a strong distrust of the stock market as something "rigged" or a belief that it's somehow an "expendable" part of investing that doesn't affect them has an objectively very poor to non-existent understanding of even basic facts of economic and business activity. Much poorer than I do, at any rate, and I don't really know that much.
In the USA probably Folk memories of the 29's crash are still having an effect
That makes me wonder; how on earth would you take a short position on Capitalism anyway?
That's what everyone who makes a fortune on the markets does, they extract value from the system to create personal wealth. The individuals desire is to do just that; that's how the system "works".
You could borrow money to build a secret bunker full of non-perishable food