Musk replied: "Sorry, but I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla, the company doing the most to solve climate change."
Elon Musk confirmed leaked texts show him turning down a philanthropic opportunity with Bill Gates after asking the Microsoft founder if he was shorting Tesla
As bad as this year has been for the stock market, it’s been even worse for the original FAANGs. While the S&P 500 has fallen 10.4% in 2022, Facebook parent Meta Platforms (ticker: FB) has slumped 45.3%, AMZN has dropped 13.4%, Netflix (NFLX) has tumbled 64.2%, and Google parent Alphabet (GOOGL) has fallen 17.4%.
It’s hard at any age to buy stocks when prices are falling, but for retirees it can be especially nerve-racking because their time frame for recovery is shorter if share values continue to fall. But ...
36 Hours of Misery
This was one of the worst 36 hours for equities that I can remember.
Stating the obvious, selling begot more selling in an avalanche of pessimism.
The only positive is that there is now fear in the markets -- and, oddly, that is the most important positive for the markets.
Buying Opportunity?