Quote:
Originally Posted by Happy
But my question is, how did they know about the damage the virus was going to before anyone else? How did they even know about the virus?
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There was a closed door meeting for one of the committees in, I think early February, where it was discussed about possible financial implications. Nothing early enough to make a difference for health responses. But early enough to save 3 or 4 congressman/women from taking the same financial losses most of the country did.
Playing the market is not really a thing for most of the people invested in it. They use the 401k through their employer to build their retirement wealth. Most of them wouldn't be able to get out or in at will, or even know how. People are going to be able to make money, that's for sure. But the vast majority of the country are going to lose a lot of money. Paper money anyway. "You don't take any losses until you sell." To quote my late grandfather.