Re:Trading halted as U.S. stocks plummet
by savanaly on Monday March 09, 2020 @01:25PM
(#22527346)
It's specifically because there are huge numbers of people watching this carefully and trying to do that that it is irrational on the margin to try to do so.
[ Parent
| on HN ]
This, it's not 1940 anymore, the average Joe can setup an investment account in 5 min on his phone and heard his buddies talking about "buying the dips is a foolproof way to become a millionaire".
As an example I saw a lot of discussion about buying the drop of Boeing stock, about 1 month after the 737-max were grounded, expecting things to be back to normal and a quick rebound. People who bought it at 370 now have stock with about 230/share... And still dropping.