The Great Lay-Off'ening is already well underway. What'll happen to the economy?(old.reddit.com)

old.reddit.com

The Great Lay-Off'ening is already well underway. What'll happen to the economy?

https://old.reddit.com/r/wallstreetbets/comments/1lx93c4/the_great_layoffening_is_already_well_underway/

1 comments

Every time that I’ve tried to react to fear and general perception of where the market was headed, it’s been a bad idea.

Can Reddit users affect a single stock? Yes. (GameStop)

Could they affect the market as a whole? I’m sure.

What’s most likely to happen historically speaking is that a bunch of investors pull out, and others come in and buy that up.

Taking your money out has never been a good idea unless you have enough, you’re old, you’re not risk tolerant, and you know inflation won’t hit hard.

Warren took his money out which scared me, but he fell into that category: had enough, old, not risk tolerant, and I’m assuming he either believes the dollar won’t get devalued significantly enough to make a difference.