When others were looking for the exits during Tuesday’s selloff, many retail investors saw an entrance to more future gains — but what were they stepping into?
When the dust settled Tuesday, the Dow Jones Industrial Average DJIA, +0.10% had dropped nearly 1,300 points, or 3.9%. Meanwhile, the S&P 500 SPX, +0.34% shed 4.3% in value and the Nasdaq Composite COMP, +0.74% dropped by 5.2% as investors mulled the possibility of stubbornly high inflation and aggressive interest rate hikes to counter the rising price problem. It amounted to the worst daily loss since June 2020.
Related: Hear from Carl Icahn at the Best New Ideas in Money Festival on Sept. 21 and Sept. 22 in New York. The legendary trader will reveal his view on this year’s wild market ride.
Sour as my granddaddy’s farts
Catch a falling knife and put it your pocket it...
Giving their money to Citadel
soft landing is transitory
idiots