Re:Dow Falls 2997 points worst drop since 1987 crash
by edmundsauto on Tuesday March 17, 2020 @04:39AM
(#22602934)
They would also likely have been right in 2007, if it weren't for the CDS disaster. Same as LTCM in the 90s. Same with every crash -- they're right until something their models don't correctly model have a massive, outsized effect on things.
The swings, and combined with high leverage positions, can wipe out firms.
The swings, and combined with high leverage positions, can wipe out firms.