Where are people moving their money to, as they sell off their stock on the S&P 500 January Roller Coaster Ride?
First of all, I always enjoy seeing you on WGN.
As you discussed today the S&P has become like a bungee jump falling then rebounding to only fall again. My question is, that for the S&P to fall, people must be selling off their stock. Where are these people moving their money to that is any better? I’m semi-retired at 50 and have plenty of what you call chicken money sitting in a savings account (over $100K), so I plan to just ride the S&P roller coaster since it got me here, but I just can’t figure out what the people who are skittish about the S&P and selling off, think that they have found a better option for their money with the current inflation rate.
Thanks in advance
Terry Says
No, not a better option in investment terms! After all a money market is too low-yielding to be considered a good long-term investment- but it keeps your money safe. But the sellers decide they want their cash now, thinking it might disappear down a black hole of stock losses.
