Jul. 22 at 4:41 PM
$BATRK $BATRA Can't worry about CBA ... whenever traders place bets based on strikes, they often lose:
The 2024 United States Port Strike: When dockworkers shut down East and Gulf Coast ports in October 2024, many short sellers and retail traders bet that severe supply chain disruptions would cause stocks to plummet. Instead, the strike was suspended after just three days, leading to an immediate market rebound that triggered massive losses for those betting on a prolonged crisis.
The 2019 General Motors (GM) Strike: In 2019, the United Auto Workers (UAW) strike lasted for 40 days, halting production and costing GM billions. However, GM's stock price actually climbed during the strike, driven by investor optimism that the automaker would quickly recoup losses through cost reductions and strong consumer demand.
The 2008 Boeing Machinist Strike: During the 57-day machinists' strike against Boeing, speculators bet heavily against the aerospace company's stock. Boeing shares soon rallied!
