While stocks are hitting fresh all time highs, bringing joy and spreading the “wealth effect” across America, clients of the Fidelity brokerage are having a rather shitty day because due to a glitch, or perhaps a hack, countless accounts are currently showing a zero balance, or simply removing accounts altogether.
While we assume this pesky “glitch” will be resolved promptly, we should point out that if the market were to ever again suffer a down day and should investors wish to sell some/all of their holdings, this would be a convenient way to quickly and efficiently prevent that from ever happening.
Easy Money Martin 