Re:Minsky moment
by anonuser123456 on Friday March 06, 2020 @01:45PM
(#22506112)
I think it's a wait and see on how much the retail index investor will pull out.
A lot of people have been conditioned to "buy and hold"... And the retail brokers have been pushing hard to prevent clients from selling.
My broker (Fidelity) went so far as to change the home page to exclude the very nasty graphs that show huge market declines.
I'm not an expert, but there's lots of money in index funds too, and those might be getting sold as well. The other first order obvious thing being people will want some cash.