$20 Billion Margin Call Causes Stocks To Collapse
The Young Investors Podcast
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What's Going on in the Stock Market?
Banks were selling billions of dollars worth of stocks in these tiny companies. A vecom went down fifty one per cent, Discovery was down forty one per cent. Ten percent, which is almost a trillion dollar company, went down thirty four per cent in a session. It's very likely that there are far more funds that hates this kind of swaps active at the moment yet.
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