RE: Will syme survive market crash22 Jan 2021 11:47
Bonkers,
The last year seen worst hit people withdrawing their money from the market
and keeping cash for the rainy day.
The area worst hit, are hospitality and travel sectors as we are experiencing
covid restrictions.
Governments putting more cash to keep companies going 'inflation'.
Stock markets not experiencing any surge but a decline of prices.
Most of stock holders are not the worst hit by this years hardship.
So I guess it will be hard for the well off to sell stocks at a loss they know
inflation has caused, these are long term holders and they can wait.
The twitchy ones has not too much left to sell, as they being selling to
keep their lost income from wages, hospitality and travel sector.
Syme customers are not the weak of the weak, they are on full production and
not the ones waiting behind quite receptions.
In short, the short ones are the most effected. syme customers are in the long
range lot. Not to warry.