One of the reasons industries are so short on cash right now is that they have spent billions buying back their own stocks instead of investing in their workers and saving for a rainy day.
That needs to be addressed NOW.
So are @RobinhoodApp and @IBKR ending trading in #wallstreetbetsstocks because they are losing their ass on these trades ? Or maybe they dont have the cash to enable the trades at this scale ? Anyone have any insight on their economics ?
Did you know that 51 members of Congress and their spouses own up to $5.8 million worth of defense contractor stocks?
Personally, I don't think members of Congress should profit from wars they send other people to fight.
It’s time to ban Members of Congress & other senior officials from owning or trading any company stocks while in office. They can put their savings in conflict-free investments like mutual funds, or they can pick a different line of work. #EndCorruptionNow
So, to review, Republican Senator Richard Burr warned only his rich constituents about the severity of coronavirus, then sold $1.5M in stocks right before the market nosedived, all while falling in line behind Trump and assuring the public everything was under control. A new low.
The Stock Market is up massively since the Election, but is now taking a little pause - people want to see what happens with the Midterms. If you want your Stocks to go down, I strongly suggest voting Democrat. They like the Venezuela financial model, High Taxes & Open Borders!