The lamestream media told you:
Stock pries are plunging as frantic investors sell sell sell in panic that is affecting world markets as prices tumble tumble tumble and investors sell sell sell in fear of global collapse, the worst seen since nearly forever.
The Uninvited Ombudsman notes however that:
Missing from frantic identical news reports is that some investors somewhere are buying buying buying, as a media fueled fire sale turns into the largest shift in capital ownership of business in history. For every share sold, a share is bought, right? Are the buyers the Communist Chinese, fat cats in Japan, India and the EU, the stock funds, mutual funds and pension funds? It must be someone. They’re picking up assets for pennies on the dollar, all this sky-is-falling fervor will make some people fabulously wealthy. Maybe it’s time to buy a little more Smith and Wesson, at only $2 a share, what a steal.
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