Michelle Singletary, The Washington Post's personal finance columnist, joins CNN's Phil Mattingly to give advice for consumers after US stock markets plunged, with the worst day for all three major market indexes since 2020 and the US dollar wiping out all gains since Trump's reelection.
The market ebbs and flows. It’s a very long game and CNN and other outlets like them cause the fear.
Michelle Singletary love these insights and the honesty — it’s so natural to panic during economic uncertainty especially in times like this, but as you said, the most important thing to do is not to panic!
I agree
Ahahah typical, just like the workers on banks that tell old people "Don't sell! Our bank stocks will go up again!", when in fact some of them never came up, just because they need to sell first at higher prices. It's their job to tell people not to sell anything, to protect their own positions. If they were truly honest they could advise people to hedge their positions to protect themselves or something like that. Markets won't obviously hit new records anytime soon (I'm sugar coating my words). So why not tell people to at least protect themselves against the fluctuations on the markets? Because that would lower their prices even higher! It's all about their own interests first. There are no reasons to believe things won't get worse in the Future and these guys tell people not to sell, just to sell or hedge before them. Typical. PS: I'm not on the markets, not even short (I don't care about markets nowadays I retired from my successful trading times to avoid stress), I have no interest in saying this. I also don't want things to crash, obviously. It's just my opinion on these finance vultures.
Sounds like more scare tactics
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6dIn the past however there were many different factors driving the turbulence, this is one person purposely doing this without regard for anyone and who has nothing to lose. I disagree, panic because this is not the same.