According to Goldman Sachs, more than 1.2 million leveraged retail trading accounts in South Korea triggered margin calls as of July 13, with an estimated 320,000–360,000 accounts fully liquidated. Goldman’s strategists reckon this means around one in 30 adults in the country, or 3.4% of the adult population, have received margin calls.
This is why we can’t have nice things. Companies can’t even leverage their duopoly into 6x increase in profits without degens fucking up the whole stock market.
I think they might’ve had a couple of those.
Yeah, that tracks.
This is why we can’t have nice things. Companies can’t even leverage their duopoly into 6x increase in profits without degens fucking up the whole stock market.