RE: Tues.. so far..19 Feb 2020 23:41
Toff,
MMs make money by trading huge volumes daily, a sideways or falling market is the best for them as more trades keep flowing. Trump talks about the stock market, the FED talks about the stock market.......our useless pub landlord / landlady PMs have no clue along with the dumb Canadian BOE guy. Anyway in order to distribute wealth, you can’t give it away for free but stock market is a way to give smart people a chance to make some money. As long as the companies get access to cheap financing, investors will reap rewards. The U.K is a dumb country where only old fashioned entitled bastards are running listed companies. If S&P falls 50% from current high, it would still be higher than pre-crisis high.......the FTSE100 on the other hand would be almost 40% lower than pre-crisis high. We underperform when in bull market then outperform in a recession!