I can’t help it. While it might sound cruel and sadistic, when the stock market takes one of its periodic headfirst dives, I enjoy the spectacle. Not that I really understand it. It baffles me that one day a big corporation can be worth $10bn. But a day or two later, it is suddenly only worth $8bn.
But what I do understand is that when this happens on a grand scale, to hundreds or thousands of companies, someone is taking a financial bath, getting clobbered, maybe even losing their shirt, trousers, underwear, driver and limo. But, from what I read that isn’t the case. The average person isn’t on the phone telling a broker to buy, sell, go short, go long, go medium, stop, start, hop, skip, or whatever all that jargon is.
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