That’s the way it was in 2000 and 2008 so this should be no surprise to anybody.
It’s called liquidity.
The bankers want you to believe in an inverse relation with stocks, but like everything with them, that’s a lie.
That understanding only applies when stocks are going up. When stocks are going up who the hell needs PM’s … right?
Anywho … couple this with all the idiots long the derivatives who need to be parted from their money, and again, this should be no surprise.
I know…I should mind my own business.
Wouldn’t want to spoil a gambler’s fun.
Well … are you having fun yet?
Chuckle