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I suppose there are exceptions and there have been a few historic events with respects to the stock market crashes ... but I will approach these things as a "the house cashing in" kind of things.
Corona Virus is just an excuse. They are just trading and they need these things as a way to hype up or hype down in order to make money. Who the hell would buy Tesla anyway? Not that it's a bad company but there is no rationalization to see Tesla double its stock price in just a few days.
Beers ups! I am having a few Corona :-)
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