by Anura Guruge
on August 2, 2023
There has to be a mechanism whereby they can be held ACCOUNTABLE. This was totally irresponsible & utterly reprehensible. There was NO need for this — currently.
This was shouting ‘FIRE’ in a crowded theater. Yes, they caused the markets to stampede — to the exits. That, to be honest, is NOT my gripe. Like all good investors, & especially option traders, I like a GOOD DOWN DAY. I bought more NVDA & made a few (more) bucks rolling options. But, people, decent people, lost a lot of money today — & some would have panicked.
This was, as some eagerly pointed out this morning on CNBC, nothing but Fitch trying to get 15-minutes of ‘glory’. Shameless. Pathetic company.
There has to be a way that they can be punished for this irresponsible act.
