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1. chiefa+(OP)[view] [source] 2020-03-21 22:22:41
Yes. But that's simply in the short term. A good number of these people have reserves that allow them to buy back in.

In the short term, the middle to the bottom lose as well. But since they can't buy back in their piece of the pie falls into the hands of those that can. Like 2007/2008 this will ultimately result in a massive transfer from the Have-less to the Have-more.

For example, small businesses will close and Amazon will pick up that slack. Easily.

replies(1): >>cobook+lq
2. cobook+lq[view] [source] 2020-03-22 03:06:23
>>chiefa+(OP)
they can trade on margin. Making use of low interest rates.

So when the market recovers, which it will. They can see greater gains.

with fed interest rate at 0%. I’m sure the 0.01% can get incredibly favorable loans against their assets to double down.

replies(1): >>chiefa+qS
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3. chiefa+qS[view] [source] [discussion] 2020-03-22 10:58:55
>>cobook+lq
"I can trade on margin" said no one with the rent / mortgage due.

That aside, you're missing the point. The public stock market best enriches those with the most reserves. Everyone else gets trickled on.

replies(1): >>afjl+9Q2
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4. afjl+9Q2[view] [source] [discussion] 2020-03-23 06:11:14
>>chiefa+qS
Not to mention margin calls if the stock goes down past a given price.
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