> When the market sentiment is negative, the number of these counterparties are narrow and dwindling
That's why his $2600 initial investment made in a much calmer market is now worth $310k :)
For the right price you'll find somebody willing to sell you the insurance you seek. But in a volatile market like today, that price may be way too much for most people.
Typically large trading firms, market makers.
> When the market sentiment is negative, the number of these counterparties are narrow and dwindling
That's why his $2600 initial investment made in a much calmer market is now worth $310k :)
For the right price you'll find somebody willing to sell you the insurance you seek. But in a volatile market like today, that price may be way too much for most people.