Fearful of stocks, investors move to bonds and gold
“The market seemed to respond to the number with an unimpressed reaction, as if to say, “Uh, more like $5 billion.” Investors sold Schwab’s stock price down by more than five dollars per share (about 12%) in two days of trading, reducing the company’s market capitalization by 50 years worth of lost commissions. Either the market is overreacting or there is possibly more negative news yet to come from the company, not to mention the sector at large.”
USAGOLD note: The article goes on to say that investors are selling stocks and putting that money into bonds and gold. . . . .
Repost from 10-3-2019