Submitted by dmm1240 on Fri, 2019-09-27 12:50
Bloomberg is reporting 42% of ultra rich families have cashed in their equities amyotrophic sit on mountains of cash. They’re gloomy saying the markets will crash and then flatline for a long time. The crash they expect is supposed to occur by the end of the year with recession to follow in 2020. The Germans will announce their economy is already in recession within a week or two. Flash economic numbers for the 3rd quarter are awful.
They might be right. Numbers coming in from all over the world are mostly dismal.
What does this mean for Tesla shareholders? If the entire equity markets collapse TSLA will not be immune to gravity. The good news is Tesla’s sales continue to climb while the rest of the industry (ICE cars) is tanking. Once Tesla finds its gravity bottom, I expect it to be one of the first stocks to start back in the right direction. If I were holding and a crash did come, I’d stop checking the markets and wait. The only caveat is to watch Tesla’s cash position.
Just my opinion, of course. Proceed at your own risk.