Black Monday

[peat]

companies with to much debt on there balance sheets probably at high risk of going bust now as credit drys up soon

yes the fear brings about its own consequences ….
I watched Jim Cramer the other night and he was banging on about the big difference between this crisis and the GFC is that this is a health crisis not a financial crisis.
Watch that change....

[bull....]

yes the fear brings about its own consequences ….
I watched Jim Cramer the other night and he was banging on about the big difference between this crisis and the GFC is that this is a health crisis not a financial crisis.
Watch that change....

morphing into a health crisis as well as a GFC china has just come out according to bloomberg and saying virus spread worldwiide will slow there return to work

[Aaron]

companies with to much debt on there balance sheets probably at high risk of going bust now as credit drys up soon

Isn't debt and liquidity fairly unlimited if central banks buy up bonds??

[peat]

Isn't debt and liquidity fairly unlimited if central banks buy up bonds??

maybe in a very general sort of way but banks will still exercise tighter control over their lending

[bull....]

yea make sure you dont own any companies with bad balance sheet debt in exposed industries things might get rough for a lot of companies

[Aaron]

Hey Bull what do futures say about what will happen overnight in the US?

[bull....]

Hey Bull what do futures say about what will happen overnight in the US?

not good at the moment down 3% , but things change all the time and its a friday who wants to be long over the weekend

[blackcap]

Hey Bull what do futures say about what will happen overnight in the US?

Down 685 at this stage.

[bull....]

Down 685 at this stage.

grim alright and with virus starting to go exponential in the US and things starting to close and sports stopping states going into state of emergency over there the market could still get very ugly very quickly. still not that far down from 2009 - 2020 run. look at the ftse down too 2012 levels now and the us markets are still at 2018 odd levels for a comparison

[blobbles]

companies with to much debt on there balance sheets probably at high risk of going bust now as credit drys up soon

This has had to happen for years. Zombie companies propped up by cheap borrowing, no wonder there has been near zero productivity.