Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
mich800 wrote:
Butt...the market is not a zero sum game.
Lets say you purchased Tesla at $300. It goes up to $900. But the market is crashing and you sell to me on the way down to $700. Did you lose value? Did I gain at your expense? Or did we both win when Tesla closes at $750 the same day.
Still zero.
You purchase at $300, that day someone sold at $300. Zero sum.
Goes to $900. You made no transaction, Zero sum.
Trade shares at $700 with your buddy. Again zero sum.
Close price $750 is not a trade so zero sum one more time.
