Imagine you're a kid with a lemonade stand. You're selling lemonades and you're making some money. Now, imagine that another kid has an ice cream stand next to your lemonade stand. You notice that people who are buying lemonades are also buying ice creams from the kid next door. So, you decide to sell ice creams too, thinking that more people will buy from you.
But, guess what? People don't buy as much ice cream from you as they do from the kid next door because he sells a better ice cream and he has a better stand. And even worse, you have to spend more money to buy ice creams than he does.
So, you end up losing more money than you're making. This is what happened to the stock market today.
It's like the big kids in the stock market world are fighting with each other and no one is really winning. And while they're all focused on fighting, they're not making any money, they're losing it.
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Covered Topics:
- Government Trade
- Trade Gap Widens
- Stocks
- Market News
- Trades
- Short Interest
- Most Shorted
- Largest Increase
- Largest Decrease
- Margin Calculator
- Forex Profit Calculator
- 100x Options Profit Calculator
- September 4, 2024
- Avi Kapoor
- Benzinga Staff Writer
- Equities Trading UP
- Equities Trading DOWN
- Commodities
- Utilities
- Information Technology
- Daily Newsletter
- US Stocks
- Trade Gap
- Dow Jones
- NASDAQ
- S&P 500
- Equities Trading
- Asset Entities Inc.
- WiSA Technologies Inc.
- Athira Pharma Inc.
- Oragenics Inc.
- Shuttle Pharmaceuticals Holdings Inc.
- Euro zone
- Europe
- STOXX 600
- Germany
- DAX
- France
- CAC 40
- Spain
- IBEX 35 Index
- London
- FTSE 100
- Alzheimer's disease
- AD
- HCOB
- Composite PMI
- Producer prices
- Caixin
- Asia Pacific Markets
- Japan
- Nikkei 225
- Hong Kong
- Hang Seng Index
- China
- Shanghai Composite Index
- India
- BSE Sensex
- Intraday Update
- S&P 500 Composite PMI
- S&P Global
- HSBC
- UK services PMI
- Eurozone
- Composite PMI
- Caixin China General Composite PMI
- India Composite PMI
- Russia
- Gold
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- Inflation
- Powell
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- Testimony
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