re: #273 lawhawk

Billions were made by those selling short - billions were lost by those selling below their purchase price.

Overall, billions exchanged hands, but if you didn’t sell, then all you have are paper losses. They’re only dollar losses if you actually sold stock/bonds/mutual funds below your purchase price.

Exactly. The last thing you want to do in that situation is sell. Whatever the catalyst is pushes things down in a hurry, then people covering their short positions bring it back up again. Deep breaths.

I still wouldn’t throw any extra cash into the market right now. You think that the situation in Greece is comprehended by the markets now, but there’s a lot more pain that could be felt in Europe that’s not built in.