tankasnowgod
Member
- Joined
- Jan 25, 2014
- Messages
- 8,131
You seem sure about it. You are invested or going to invest in the knowledge you posses?
Well, he's wrong on even some basic concepts. For example, that $2.5 Trillion was a drop in market cap, not necessarily "wealth being transferred." It's simply a calculation of last share traded vs. shares outstanding. The outstanding shares are never all available for purchase. A quick drop simply means that far more sellers than buyers. That gap down might have only taken tens or low hundreds of billions out of the market, possibly even less than that.
He's predicting the cancelling of the NCAA tourney and ZERO (not lower) interest rates on events that happen next week. It will be easy to check how those pan out.