One basic question I’ve never understood about trading stocks, bonds, etc.: Why is there always a buyer, and right away?
If I want to sell anything else, I have to hope I can find a buyer. If I’m trying to sell a 1975 Mustang, I have to find someone who wants to buy a 1975 Mustang and then we dicker about the price. If I can’t find someone who wants it, then I can’t sell it, at least not immediately.
But you never hear someone say “I wanted to sell my XYZ stock today but I couldn’t find a buyer, so I’m stuck with it.”
Now I understand that the price will continue going down when there is less interest in a stock, and the lower price makes it more appealing to some. But wouldn’t there be some stock that people just don’t want at any price? Like if it is obvious the company is going down the tubes fast?
Or do I have the premise wrong? Does it happen that people try to sell stock and there is no buyer, at any price?
(Btw, I tried to post this same question yesterday just as the system went down. It appears it never got posted, but my apologies if this is a duplicate.)