They won't let this go easy.
KRFT will do fantastic once they lay off thousands. Those people will never find good jobs again.
according to the class action guys. If you want to not only take the risk, but invest in a company that is pure evil, I wish you luck.
It's amazing what can happen when you're allowed to murder people and get a taxpayer bailout which you then use to buy back shares. Legal wrangling will be interesting as it's now obvious to anyone with a pulse that GM deliberately covered up the defects.
I am sticking with that prediction.
Once, it went up 120%. Second one in 2011 it went up 200%. If you had a 100k account and shorted VXX with 33K, your account had 100% loss.
I know 10% seems impossible but it has happened twice since 2009 and both times VXX double or more.
There have been 2 corrections of 10% or more since VXX started trading. In one, VXX went up 110%. In the other, VXX went up 200%. If a third one comes, VXX will probably double LOL.
What do you mean by $9 million in assets?
It is in fact hard to believe anyone is investing with this guy given his performance over the past 6 years losing one third of its value.
Ha ha! This is the kind of story that makes me smile! Hope for us all yet. Why would anyone commit suicide when there is such wonder in the world?
No joke- buddy turned 100K into 1 million then into negative numbers from the Swiss Franc thing. For some reason he thinks it's much worse because the stock market is at all time highs- in other words he would feel better if he lost all his money during a market crash. He's in his 30s and is really hung up on the fact that he was essentially set for life and is now screwed (his job situation is not good).
So what can I tell him? I tried the usual stuff (mainly be thankful you have your health) but it hasn't worked.
I hope so too. I think he had about a million bucks, now he has a negative net worth. I know a million bucks isn't much to some of the yahoo posters but to him (and me) it's a great deal of money so to go from 1 million to 0 is pretty painful. He can find temporary work quickly but the healing will be tough.